Young Hedgie To Launch Global Long/Short Fund

New York-based Traunche Capital Advisors is launching its maiden hedge fund, Traunche Global Micro Fund, in January with some $6 million in initial capital.

The global long/short vehicle will look take a top-down approach to investing in companies that are less covered by equity analysts, according to founder Evan Vaughan. “I’ll rather look at an electrical equipment maker than a tech company,” he said.