Beacon Rock Readies Short-Only Fund

Mar 31 2006 | 12:14pm ET

Beacon Rock Capital Partners is revving up to launch its second hedge fund, the Beacon Rock Capital Downside Capture Fund, which is a short-only vehicle.

"Short funds are structured to make money when the market goes down, but generally have problems when the market goes up," said Trevor Taylor, chief investment officer, "but we want to provide investors with a vehicle that will prosper when the market goes down, but not lose money or very little when the market goes up. This can only be achieved with options."

The new fund, which Taylor and Blake Singer, president of the firm, expect to launch in early summer with $10 million in assets under management, will employ the same systems and models utilized in the firm's existing fund —the Beacon Rock Capital Fund —in which the managers trade options on broad equity indices, sector-specific indices and commodity-related indices.


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