Hedge Funds

Shapiro re-opens stellar Bluenose


After netting more than 20% last year in his Bluenose Capital Fund, Intrepid Capital's Steve Shapiro is reopening the fund to new capital. The fund will accept $50 million of new money, bringing it to $150 million.

Shapiro, who worked for Tiger and Soros, will charge investors a hefty redemption fee if they wish to pull out of the fund in the first year, and a more moderate one in the second year.

Separately, Intrepid will begin running outside capital in March for the firm's latest launch, Triathalon Life Sciences Fund, which manager Erick Lucera is now incubating with