Roxbury Cap. Launches Market-Neutral Hedge Fund

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.

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