Hedge Funds

Rock Ridge poised to more than double assets


Rock Ridge Advisors, the nearly-year-old Greenwich, Conn.-based multistrategy shop, looks to be benefiting mightily from positive performance during the current maelstrom.

While drawdowns at neighboring firms have led recently to redemptions, Rock Ridge is set to increase its $100 million in assets under management to an expected $220 million within the next two months. The firm is targeting a soft close once it reaches $500 million.

The firm was launched last August by Woody Jay, a veteran of the Lehman Brothers fixed income desk; former Caxton Associates portfolio managers Brian Pennington and Josh Mandell; Kevin Murray, formerly of Muirfield