The $497 million Mellon Optima L/S Strategy Fund, which is
advised by Mellon Hedge Advisors and sub-advised by Optima Fund
Management, has made a number of manager changes since its 31
March 2011 filing. The most recent include initiating efforts
that could lead to the sale of Raptor Global Portfolio
Liquidating Trust and Raptor Private holdings in the secondary
market. James Pallotta, who started Raptor Capital Management
in 1993, decided to close the fund, a decision that followed
losses in 2008 and many redemption requests.
Definitely gone are Brookside Capital Partners Fund II,
Eminence Partners and Hunter Global Investors Fund from the
opportunistic portfolio, which has seen the addition of
Espalier Global Partners. Meanwhile, Clovis Capital Partners
Institutional has been removed from...