Friday, 29 May 2015
Last updated 5 hours ago
Jul 29 2008 | 10:52am ET
New York- and Ridgefield, Conn.-based Southridge has launched the Southridge Market Neutral US fund to invest in U.S. mid- to large-cap stocks.
The fund is designed and managed by Andrew White, who joined the firm in February to focus on global market-neutral quantitative strategies. White, who previously founded quantitative investment consulting firm Timeous, said the fund is atypical of other quant hedge funds.
“It's a quant-neutral, market-neutral strategy, but not as you know quant and not as you know market-neutral,” White said in an interview. “What do I mean by that? On the quantitative side, it does use a computer and it does use data to come up with the stock selections, but it's not algorithmic or trigger-based investing... What it is, is trend-focused and therefore calendar holding period focused.”
The fund has a $500,000 investment minimum and charges a 2% management fee and a 20% incentive fee, with monthly liquidity.
Southridge is a diversified financial holding company offering a range of products and services, including investment management, merchant banking, and investment banking.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…