Tuesday, 22 July 2014
Last updated 5 hours ago
Jun 16 2011 | 11:38am ET
Quantitative hedge fund firm Hagin Investment Management has doubled its lineup.
The New York-based firm launched its second hedge fund at the end of last month, HFMWeek reports. The new vehicle, Hagin Zenith, which has a $2 billion capacity, employs an opportunistic long/short equity strategy.
CEO Patrick Morris told HFM that the new fund is an extension of its maiden market-neutral vehicle, investing in 125 large-cap names. Hagin has put Nathan Lee, formerly of Tremblant Capital and HSBC Asset Management, in charge of the fund. Lee has been with Hagin since 2007.
Zenith has a $1 million minimum investment requirement and a one-year lockup. The firm will also consider managed account options for interested investors.
Hagin plans to roll out a third fund, a small-cap long-only vehicle, early next year.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…