Hedge Funds

Concordia focuses on equities

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Alex Ribaroff's Concordia is planning to add a new equity market neutral strategy focusing on US equities in June. It will be managed by Jason Hathorn and Jason Cheung who already manage Concordia's two successful equity market neutral funds focusing on European and Asia-Pacific markets.

Both of these funds are currently closed to new investment, with the European version, Class F, managing about $350 million in the strategy, and the Asia Pacific Class G running about $150 million.

The new US market neutral strategy is expected to adopt a similar factor model-based approach, which would make it both sector neutral