The new Graham & Dodd Value Fund, seeded in part by an allocation from the Rockefeller family office, is generating quite a buzz among sophisticated investors.
But what's grabbing attention isn't so much who has backed the start-up as much as its stellar performance. The long/short fund, which has yet to open to outside money, has generated returns in excess of 60% from its inception in January through May. Returns for May alone were more than 25%.
The value-oriented, long/short fund is run by a team that includes founding member and general partner David Rosen, an equity analyst and market