Ridgeback preps fund with five-year investment horizon
By Suzy Kenly Waite
Thu May 19, 2011
Started by an alumnus of SAC affiliate Sigma Capital, the firm is also opening its flagship fund for the first time since its 2006 launch.
Ridgeback Capital Management, the $520 million healthcare shop set up by former SAC Capital Advisors trader Wayne Holman, is in the process of launching a new fund that will hold stocks for up to five years. The Ridgeback HORIZON Fund will focus on mid-to-large cap stocks and seek to benefit from dividend income and long-term capital gains.
The fund will charge fees of 1.5% of assets...
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