Cramer Rosenthal Unveils 130/30 Fund

Feb 7 2008 | 2:00am ET

One firm is looking to leverage its experience in shorting stocks with a new 130/30 strategy. New York-based Cramer Rosenthal McGlynn last month launched the CRM 130/30 Value Fund, which is the sister fund to its long-only Large Cap Opportunity Fund.

The 130/30 fund launched on Jan. 2 with seed money from employees and friends of the firm, according to Christopher Barnett, the firm’s director of marketing.

CRM, which launched its first hedge fund in 1993, is no stranger to hedge funds. “We’ve run hedge fund money here since 1993 so we obviously have some experience on the short side,” Barnett said. “It’s a fundamental strategy, not quantitative.”

Barnett added that the firm was tossing around the idea of launching the 130/30 strategy last year and felt that the timing was right to “really add some value above what we’re doing in the long-only fund.”

The CRM 130/30 Value Fund charges a 1.25% management fee and its institutional minimum investment requirement is $1 million. 

Cramer Rosenthal also manages the CRM Windridge Partners, a long/short equity hedge fund that invests in real estate investment trusts, real estate operating companies, and two other bottom-up, value-oriented long/short equity funds. 

All told, the 35-year old firm manages some $11.5 billion in long only and hedge fund assets.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of