Calif. Firms Preps First Hedge Fund

May 28 2008 | 2:00am ET

San Jose, Calif.-based Adobe Capital Partners is readying its first hedge fund for launch next month.

The Adobe Cap Gamma Fund will debut on June 1 with more than $10 million in initial assets, Hedge Funds Review reports. The fund will use a market-neutral quantitative options strategy trading U.S. stock market index options.

Adobe Capital was founded by Justin lent, a former hedge fund trader and Barclays risk analyst, and George Chako, who taught at Harvard Business School and the University of Southern California.

The fund is domiciled in the British Virgin Islands. RBC Capital Markets serves as prime broker.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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