Hedge Funds

Glenrock closing to new investors

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New York-based Glenrock is closing its $310 million long/short global equity fund to new investors as of next Wednesday, March 1.

Glenrock Global Partners, managed by firm founder Michael Katz, has a strong track record. Since 2000, the strategy has reported annualized returns of 16.7%. In 2005, the fund advanced 16%, and it netted another 1.5% in January, helped by long positions in gold mining stocks and Japanese housing stocks, among others. Glenrock Global was launched in 1991.

Glenrock decided to stop accepting fresh capital for the fund, whose investment approach relies on bottom-up fundamental research with a macro and