David Baker, who formerly managed long/short healthcare and technology-focused DNB Fund Partners, has resurfaced at San Francisco-based Core Fund Management. The former portfolio manager recently launched Core Fund, an opportunistic, long/short hedge fund.
Core invests in equity, equity arbitrage and some hybrid equity such as mortgage REITs, energy trusts and other low volatility dividend or income yielding investments. The fund is non-correlated to the equity market indices and has low net exposure. A long opportunity for Core would be when a company is trading from a quantitative value standpoint, at significant discount to itself historically, at a discount to