Bay Hill Launches Maiden Hedge Fund

Boston- and San Francisco-based Bay Hill Capital Management this month launched its first hedge fund, a multi-strategy volatility offering with $25 million in initial assets.

According to Alec Petro, managing partner, the Bay Hill Fund has three sub-strategies: volatility arbitrage, which is a broad vega-neutral, high-frequency portfolio; dispersion, which trades different stock indices against the components that make up those indices; and relative value, which is more opportunistic and flow-driven.