3-Sigma Debuts L/S Equity Fund

Aug 6 2007 | 11:55am ET

New York-based 3-Sigma Value Management recently launched its first hedge fund, a $6 million equity long/short vehicle.

The 3-Sigma Value Fund invests through an integrated process combining top-down analysis and bottom-up analysis, according to fund documents. It is focused on the technology, media and telecommunications, natural resources/energy, healthcare and distressed sectors.

The fund limits its gross exposure to 200% of equity while its net exposure generally ranges between 20% and 80%. It designates its long exposures as “core” and “non-core” with core positions limited to 10% of the portfolio and non-core positions at 5%. In addition, its short positions are limited to 5% of the portfolio. 

Prior to launching the fund in March, co-founder Benjamin Weinger was managing the same strategy from August 2005 through February 2007 for a family office, returning 26% on an annualized basis since inception. Since launch, the fund is up some 11.6%.

The fund charges 2% for management and 20% for performance, with a $500,000 minimum investment requirement.

Michael Kass, a former vice president of the restructuring group at Lehman Brothers, and Kareen Mozes Laton, a former vice president in the private wealth management division of Goldman Sachs are the other founding partners.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR