Persimmon Offers Long/Short Multi-Manager Mutual Fund

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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of