Deephaven Capital, the $1.5 billion hedge fund shop best
known for its market-neutral statistical arbitrage portfolio,
is planning to launch its first stand-alone long/short product
in the first quarter of 2004.
About $125 million of Deephaven's portfolio is already
targeted at long/short in its flagship market neutral
portfolio. The existing component, as well as the new fund,
will be overseen...