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N.Y. Firm Launches Equity L/S Hedge Fund
July 18, 2008
New York- and Chicago-based Meadowbrook Capital Management has launched its second hedge fund, a long/short all-cap offering, to complement its existing small- and micro-cap fund.
The Meadowbrook Beta Neutral Fund, managed by Afsin Alp, launched on July 1 with $10 million, investing in healthcare technology sector. The fund charges a 2% management fee and a 20% performance fee.
Meadowbrook’s existing Meadowbrook Opportunity Fund currently manages some $35 million in assets.
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