Southridge Launches Quant Hedge Fund

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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...