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

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...