Sunday, 21 December 2014
Last updated 1 day ago
Feb 12 2013 | 1:22pm ET
Philadelphia-based Persimmon Capital Management has launched a mutual fund of hedge fund strategies.
The new Persimmon Long/Short Fund debuted with $25 million in assets and six subadvisors. The underlying managers are M.A. Weatherbie & Co., Sonica Capital, Open Field Capital, Caerus Global Investors, Turner Investments and ISF Management.
"Our experience strongly suggests that long/short equity can be a compelling complement or alternative to traditional equities in an asset allocation model," CEO Greg Horn, one of the new fund's three portfolio managers, said. "Short-selling has the ability to offer a return source and risk-management tool that is unavailable to long-only equity managers."
The new fund has two share classes, a retail class with a $2,500 minimum investment requirement and an institutional class with a $100,000 minimum investment requirement.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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