Hedge Funds

Archeus new fund ups the risk


Archeus Capital Management is getting ready to roll out a companion to its Animi Fund that will appease more risk-tolerant investors hungry for higher returns. The fund, to be called the Animi Concentrated Risk Fund, will combine higher levels of volatility and less strategy diversification than the firm's flagship fund, which is a broad multi-strategy fund that simultaneously runs about 15 themes. CRF will debut in September. Archeus has been on a money-raising bender, generating about $100-$150 million a month since its debut in May 2003. The firm was launched by Peter Hirsch, a former bond trader at