A noted short seller, Ramin is preparing for an October 1 launch.After a decade at Bridger Capital, Joel Ramin is launching his own fund. Ramin left in April to prepare 12 West Capital, a long/short small and mid-cap equity fund in New York that expects to begin trading October 1, according to marketing materials and people familiar with the plans.
The terms are unusual for an emerging manager. Redemptions are limited to one third of assets at the end of any calendar year with 75 days notice; half of the remainder is available the following year and the rest by the third year. There’s a $10 million minimum