Monday, 24 October 2016
Last updated 3 hours ago
Jan 19 2006 | 7:41pm ET
New York-based Falcon Henge Partners has launched a long/short equity fund, which will focus on the global consumer space.
The new fund, Falcon Henge I, is being managed by Keith McCullough and Harry Schwefel, both of whom left asset management firm Dawson-Herman Capital Management in October to set up their own shop.
The two are also working on launching two more funds, Falcon Henge II and an offshore limited vehicle. According to sources close to the firm, the fund, which will invest in retailers, restaurants, gaming, lodging, footwear and other consumer products, currently has $10 million in assets under management and aims to close at $400 million.
The minimum investment is $2 million and fees will be charged on a sliding scale starting at 1.5% for management and 20% for performance for a one-year lockup.