Sunday, 29 November 2015
Last updated 1 day ago
Feb 19 2008 | 11:53am ET
Palo Alto, Calif.-based family office Judicial Capital last month launched an event-driven, long-bias equity hedge fund, using a strategy that it has run with family money with since 1999.
The fund, which was flat in its first month of trading, will focus on spin-offs and mergers and acquisitions, as well as companies with new product lines, shifts in geographic revenue mix and change in management, according to Kenneth Marshall, portfolio manager.
“The way that you outperform the hedge fund index is by seeing in certain situations an event where others don’t,” Marshall said. “So if you’re just looking at the spinoff calendar, you’ll miss some of the more significant events that’ll happen leading to enormous valuations.”
Last year, the strategy gained 23.6% and 20% in 2006. Marshall started managing family money in 1990 when TriCare, a company his parents founded, went public. His capital base expanded in 1992 when the family sold legal services startup Judicial Arbitration and Mediation Services to private equity firm Warburg Pincus.
The fund charges a 1% management fee and a 20% incentive fee. Its minimum investment requirement is $1 million.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…