Hedge Funds

Former Dolphins fullback kicks off multistrategy fund this month

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Conrad Asset Management, controlled by former Miami Dolphins fullback Rob Conrad, is launching its first hedge fund this month.

The multistrategy Allen Conrad Opportunity Fund will be run by Mark Baniewicz. who will seek to produce net returns in the mid-teens, investing mostly in equities and futures.

About one-third of assets will be allocated to trend-following opportunities on contracts like stock indices, currencies and physical commodities like gold. Another third will be

targeted at long/short equity opportunities, using analysis of fundamentals and market momentum to pick between 15 and 20 U.S. names with market caps of more than