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 and 15% of profits and offer quarterly liquidity. Further details about the fund could not be ascertained. Holman declined to comment.
In addition, Holman is planning on opening the flagship Ridgeback Capital