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.

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