Hedge Funds

First fund for Tuckerbrook

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Jay Yoder, the former director of investments at Smith College, has set up an alternative asset management shop with plans to offer a range of hedge fund products.

Boston-based Tuckerbrook Alternative Investments will roll out its first product, a value-based long/short equity fund, this month.

Yoder has hired Arnie Schneider, founder of value investors Schneider Capital Management, and Don Besser, founder of Manchester Growth Capital, as portfolio managers for the Tuckerbrook Long/Short Value Fund. Tuckerbrook has plans for two additional funds before the year is out.