Hedge Funds

Rodinia to close to investors as assets top $900M

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Atlantic Investment Management is planning to cap its non-U.S. equity hedge funds, Rodinia Fund Ltd. and Rodinia Partners L.P., to new investments.

As the funds are expected to exceed $900 million in early March, Atlantic will stop taking investments for them from new investors on March 1, and final investments from existing investors must be made by April 2.

The cap limit is aimed at allowing Rodinia to preserve its investment strategy, which includes a number of concentrated bets on the long side.

Atlantic Investment Management oversees $2.5 billion in assets. Rodinia follows an investment regime similar to Atlantic's flagship strategy,