New hedge funds update: January 2011

HBK raises $185 million for a statistical arbitrage fund.

...

FIRM NAME

FUND NAME

STRATEGY

PORTFOLIO MANAGER

AUM ($M)

LAUNCH DATE

HBK Capital Management

HBK Quantitative Strategies

Statistical arbitrage

Team

$165

November

Candlewood Investment Group

Candlewood Structured Credit

Credit

Gregory Richter,
Brian Herr

N/A

January

Axonic Capital

Axonic Credit Opportunities

Mortgage-backed

Clay DeGiacinto

$150

January

STO Capital Management

STO Capital Arbitrage Partners

Arbitrage

Paul Schulstad

$2

January

Ramsey Asset Management

Ramsey Long-Biased

Equity

William Russell Ramsey

$72

January

Algert Coldiron Investors

ACI GNP Fund

Equity market neutral

Peter Algert, Kevin Coldiron

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