Ridgeback preps fund with five-year investment horizon

By Suzy Kenly Waite

Thu May 19, 2011

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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...

ISSN: 2151-1845 / CDC10004H

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