Hedge Fund Industry Vet Launches Long/Short Fund

Sep 8 2006 | 12:00am ET

Twelve-year hedge fund industry veteran Arthur Stern has struck out on his own to launch a long-short equity fund. The new offering, the Rydal Park Fund, managed by Stern’s Rydal Park Capital Management, began trading on Aug. 1 with $6 million in assets under management.
 
According to Stern, the fund focuses on investing in cyclical industry groups including industrials, energy, aerospace, basic metals, construction, transport, defense and consumer sectors, among others. Stern utilizes a fundamental stock picking strategy combined with technical trading and holds positions anywhere from 1-week to 1-year.

Stern, a former manager with both SAC Capital and Circle T Partners, will soon be joined by a yet-unnamed partner who will serve as an analyst and head of research for the firm.

The Rydal Park Fund is targeting a 1.5% return per month, net of fees. The minimum investment is $1 million for institutions, although it is less for individuals. Fees are 1.5% for management and 20% for performance.

Carlin Financial is serving as the prime broker for the fund and Rothstein Kass is the auditor. Trident Financial is the administrator.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

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

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of