Larry Robbins' $1.87 billion Glenview has made a move into the low volatility hedge fund space with the launch of the $70 million GCM Little Arbor fund.
The concept behind the fund is that it will allow the firm to grow assets and thus continue to attract and retain talent, without lowering the return profile of the firm.
It also allows it to meet the needs of certain institutional investors.
The fund will have allocations to equity, fixed-income, merger arbitrage, capital structure arbitrage and index hedging. It has been seeded by an existing investor.