New York-based hedge fund Kellner DiLeo & Company has reorganized, renamed itself and launched a new event-driven investment fund.
George Kellner, the founder and CEO of Kellner Capital, as it will now be known, said, “The firm has experienced exciting changes and we thought it appropriate to rebrand the organization.”
The firm has launched its new fund with over $50 million.
Kellner says the firm will continue its matched book securities lending partnership and that the organization also is exploring opportunities in the alternative mutual fund space for the near future.
“This is an exciting time to be a member of our firm. We are in growth mode and the senior partners have all made a significant investment in our organization’s future,” he said.
Originally founded as a merger arbitrage investment partnership, Kellner Capital offers a variety of alternative investment strategies and manages capital on behalf of family office and institutional investors.