Hedge Funds

Coldwater plans to make a splash in the new year


Value investors Zack Cohen and Greg Nathan are getting ready to splash into the hedge fund pool with their own firm, Coldwater Asset Management.

Coldwater's Greg Nathan (left) and Zack Cohen 

The Los Angeles-based operation is planning to roll out its first fund in January. The fund will take a bottom-up approach to value investing within the long/short equity universe.

It will seek investments that have inherently favorable risk-reward profiles along with a margin of safety that over the long run will generate superior risk-adjusted returns.

The firm is focused on preservation of capital and may hold