Hagin To Launch Market-Neutral Hedge Fund

Apr 30 2008 | 2:00am ET

New York-based Hagin Investment Management is prepping its second product, a market-neutral hedge fund, for launch in the third quarter.

Kathleen DeRose, partner and portfolio manager, said the fund will employ a quantitative approach based on fundamentals. DeRose will manage the fund with recently hired Nathan Lee, formerly a risk manager at New York-based Tremblant Capital.

“Having been through the last year of deleveraging in the marketplace, the opportunities for the market-neutral strategy are a lot better than a year ago,” said DeRose. “And that’s due to the fact that people’s expectations are more reasonable in terms of what a fund like this can achieve, and also because opportunities in the marketplace have become better with some stock prices having come down. We see it as a good time to launch this fund.”

The firm is targeting insitutional investors for its maiden hedge fund offering and has set its minimum investment requirement for institutional investors at $10 million. Its fees are yet to be determined.

Hagin last year made its debut with a 130/30 quantitative strategy with less than $10 million in partner capital. The strategy is currently performing better than average compared to its peers but is currently down this year, according to DeRose.

DeRose, a former portfolio manager with Bessemer Trust and Scudder, founded Hagin with partners Robert Hagin, a Morgan Stanley and Kidder Peabody veteran, and Patrick Morris, a former institutional salesman for Deutsche Bank and several other firms.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...