Eminence Goes Long-Only With New Fund

Sep 29 2011 | 12:00pm ET

Eminence Capital has launched a long-only hedge fund.

The New York-based firm began trading the new vehicle on Aug. 15, HedgeFund.net reports. It had $10 million in initial assets, according to a Monday Securities and Exchange Commission filing.

The $3.8 billion firm was founded 13 years ago by Ricky Sandler. Eminence focuses on blue-chip stocks.

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