Richard "Ritchie" Groden and partner Ian Goodman have closed their new hedge fund with $150 million in assets. The duo spun out of SAC Advisors' affiliate, Sigma Capital, earlier this year to start Stratix. The pair reportedly received $60 million in seed capital from SAC and are said to have put in as much as $30 million of their own assets. The remaining $60 million was raised from friends, family and business relationships.
The long/short equity technology fund focuses on semiconductors. Prior to Sigma, Groden and Goodman worked at SAC. Groden, a technology portfolio manager, earned a reputation