Wednesday, 25 November 2015
Last updated 9 hours ago
Jul 28 2008 | 2:00am ET
Santa Monica, Calif.-based Roxbury Capital Management has launched its second hedge fund to complement its maiden long/short offering, which it unveiled in September.
The $3 billion asset management firm in May launched the RQS Market Neutral Fund, which invests in a beta-neutral portfolio of long and short equity securities identified through the firm’s proprietary quantitative screening process, according to a fund factsheet. The fund will typically own approximately 200 equal-weighted long positions and 100 equal-weighted shorts with no market capitalization restrictions on the long side. Stocks sold short must have a minimum $1 billion market capitalization.
A call made to the firm for further information was not returned before press time.
Roxbury launched its first hedge fund, the RQS Migration Fund, with $5.4 million in assets. Jon Foust, head of marketing and client service, told FINalternatives that the fund is agnostic to capitalization, growth, value or sectors and uses a behavioral, quantitative model to predict demand shocks in stocks, which tend to be driven by analysts’ information.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…