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

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note