Willow Creek Capital Management of Greenbrae, Calif., has
ended its joint venture with Pequot Capital Management. And in
its first move after becoming a standalone hedge fund firm
again, it is preparing to launch two "best ideas" funds.
In early March, Willow Creek, a $200 million microcap and
small-cap specialist, began trading Willow Creek Short-Biased
Fund and Willow Creek Long-Biased Fund with capital from its
general partner. The long-biased fund will make 12 to 25
concentrated bets on the flagship portfolio's
highest-conviction names. The short-biased fund is...