Minneapolis-based RedSky Management will open its RedSky Asymmetric Opportunity Fund to investors on March 1. The long/short equity fund, which focuses on small-cap stocks, is run by former American Express Financial Advisors executives, Kurt Winters and Conrad Leifur. The fund started in January with only partners' capital.
RedSky Asymmetric will have a capacity constraint of $100 million in assets. It holds on average 30 longs and 20 shorts with a net market exposure of around 25%-50%.
Winters hails from AmEx were he began his career as a retail analyst in 1987 and was the lead portfolio manager of the small-cap