Hedge Funds

Duncan Capital launches PIPEs fund


New York-based Duncan Capital Group is launching a new hedge fund, to be called the DC Opportunity Fund I, that will make private investments in public equities (PIPEs) and debt securities of small-cap companies. The fund is the second fund managed by DC Asset Management LLC, the asset management arm of Duncan Capital Group, and will launch on June 1 with $10 million in capital, mostly from the firm's principals. The fund is hoping to take in institutional money as well as high-net-worth individual and family office investments.

Manuel Ron, chief operating officer of DC Asset Management, said