Metropolitan Capital, an event-driven firm founded by Karen
Finerman and Jeffrey Schwarz, is opening its high-performing
best-ideas fund to outside capital.
Metropolitan Capital Advisors Select Fund is a concentrated
portfolio containing the best ideas of the firm's flagship
Metropolitan Capital Advisors fund, an equity-focused portfolio
that follows an event-driven, special-situations strategy.
Metropolitan created the best-ideas fund in response to demand
from investors looking for a vehicle that would target higher
returns, Finerman says.
Ideally, the new...