The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 4 hours ago
Jan 19 2011 | 10:37am ET
Two hedge fund veterans have teamed up to launch a new concentrated equity long/short fund.
Avi Fruchter and Avraham Mevorah, the founders of Anavon Capital, unveiled the firm’s maiden offering earlier this month, HFMWeek reports.
Fruchter formerly worked at Atticus Capital and Attara Capital, while Mevorah’s résumé boasts stints at Fortelus Capital, Silver Point Capital and Lazard.
Anavon’s Master Fund employs both fundamental analysis and a thematic top-down vision, according to HFM. It seeks stocks with asymmetric risk-reward profiles, and aims to hold between 30 and 40 longer-term positions at a time.
In addition to its founders, the U.K.-based firm has also hired a chief operating officer: Simon Shaner joined Anavon from Davidson Kempner Capital Management.