Utendahl Capital Management, run by John Utendhal, will be
launching its first hedge fund, the UCM Mortgage Partners L.P.,
in an innovative move to satisfy the growing demand from public
pension funds and municipalities for investment products run by
'minority'-owned financial firms.
The trend for major institutions to put a significant part
of their assets into minority-run investment products has
already gained momentum in the long-only world, and the move by
Utendhal suggests that it could be about to take off in the
hedge fund space...