Evan Berens and Michael Rubinoff have joined forces for the launch of a new equity and credit hedge fund. The New York-based pair recently started Berens Rubinoff and are expected to raise as much as $250 million to start with.
The pair's fund has generated a lot of interest among investors who have eagerly awaited the launch over the past few months. The fund devotes most of its investments to long/short equity plays, but will allocate as much as 20% to plain vanilla credit trades.
Berens was formerly a portfolio manager at Steve Cohen's SAC Advisors, where he