Two Baron Vets Unveil Long/Short Fund

Jun 23 2006 | 7:23pm ET

Morty Schaja, co-founder and managing partner of RiverPark Capital, said the RiverPark Partners Fund is long-biased and focuses on growth stocks.

"Our focus is on the 30 companies that if you didn't own you wouldn't be able to sleep at night," Schaja said, adding that the fund will short companies that he and his team deem to be fundamentally flawed.

Schaja has spent the last 15 years serving in various roles at mutual fund firm Baron Capital, most recently as president and chief operating officer. He said that one of the strengths of the newly-created firm is the experience the management team has both running the strategy as well as working together.

Schaja co-founded RiverPark Capital with Mitchell Rubin, who also worked at Baron Funds for more than a decade, the last seven years of which he spent as a portfolio manager.

"We are basically a team that has worked together for between 10-12 years, and [the new fund] is something that is clearly driven off of our historical experiences," he said. "It is a process that we have been doing for a long time, but now we have more flexibility."

The New York-based firm has launched the RiverPark Partners Fund with approximately $100 million in commitments. The fees are 1.5% for management and 20% for performance for a one-year lockup, with the performance fee dropping to 16% for investors who opt for a three-year lockup.

Goldman Sachs is the prime broker and administrator of the fund, Proskauer Rose is the legal counsel and Rothstein Kass is the auditor.


In Depth

Prominent Hedgie Renee Haugerud Embroiled in Ugly Child Custody Battle

Sep 10 2014 | 2:43pm ET

A high-profile hedge fund manager is caught up in a nasty child custody battle in...

Lifestyle

Full House’s Stamos To Play TV Hedge-Fund Manager

Sep 5 2014 | 4:43am ET

The life of a Connecticut hedge-fund billionaire is coming to the small screen.

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.