SoCal Firm Launches PIPE Hedge Fund

Signal Capital Management has just launched its first hedge fund, a multi-strategy fund that will make private investments in public equities (PIPEs). The firm is also doubling its staff in anticipation of adding three more products to its line-up later this year.   Shane Rodgers, chairman and ceo, said the Signal Special Opportunities Fund will take a longer-term, private equity approach to investing, holding its positions in PIPEs for 6-12 months. The firm will also invest in private companies that are close to going public, and will hold these positions for a slightly longer timeframe, 12-18 months.