Hedge Funds

Shepherd gears up for $25m equity debut


Rick Shepherd, a former portfolio manager at Weintraub Capital Management, is gearing up for the debut of his new long/short equity hedge fund, Belay Capital Management.

The San Francisco-based fund will begin trading this summer with substantial capital from Shepherd, as well as money from friends and family that should total around $25 million. The fund will not officially open to outside investors until October 1.

Belay Capital Management will be modeled after Weintraub's diversified low-volatility strategy. Shepherd is also looking to bring two equity analysts on board, one to work as a generalist and another to be