Hedge Funds

Media specialist to offer low vol strategy


Media specialist Curtis Alexander and his partner Mark Riely are planning to offer a new, lower volatility version of their flagship media and entertainment fund to investors before the end of the year. The pair have been running Media Group Investors since 1995 and have had produced an annualized rate of return of 24%.

Media Group Investors typically holds 15-20 long positions, varying in size from 1%-15% apiece, and 10 to 15 short positions, with individual weightings of 1%-5% and a long/short mix roughly in the 80%/30% range.

Media Group Investors' core longs, which have driven the fund's