Former Duke Money Manager Preps Fund Of Funds

Jul 2 2008 | 12:44pm ET

University endowments are proving fertile ground for training hedge fund managers.

The latest to try his hand in the hedge fund industry is Jared Perry, a former money manager at DUMAC, which runs Duke University’s endowment. Perry has founded Stonehorse Capital Management, which is expected to hit the ground running in August.

Stonehorse is a fund of hedge funds manager, focusing on emerging long/short equity and event-driven managers. Opening with between six and eight managers, the fund of funds could eventually boast a roster of as many as 15, most with less than $500 million in assets and less than a three-year track record, according to HedgeFund.net.

Stonehorse will charge a 1% management fee and 5% performance fee. There is a $1 million minimum investment requirement.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of