Honne Seeks Investors For $50M Event-Driven Fund

Mar 15 2012 | 2:38am ET

New York hedge fund Honne has opened its first hedge fund to outside investors for the first time.

The event-driven shop launched its eponymous hedge fund in August, HFMWeek reports. Now, it is looking to high net-worth investors and asset allocators new to hedge funds to help it reach its initial capacity of $50 million.

Honne targets companies emerging from bankruptcy or undergoing a management shift. "We are buying things that are not part of indices," founder and portfolio manager Derek Cheung told HFM. "Avoiding these investments and focusing on small niche areas—that is where our edge is."

Cheung formerly worked as a retail broker at John Thomas Financial.


In Depth

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...