Hedge Funds

Tuckerbrook teams up with Schechter, McHugh

by

Tuckerbrook Alternative Investments of Marblehead, Mass., has paired veteran short-biased manager David Schechter and long-only manager Christopher McHugh to run a new long/short equity fund jointly. The Tuckerbrook Long-Short Momentum fund, set to launch on October 1, will maintain an average net long bias of 20% to 60%.

Schechter, founder of Perspective Capital Management, will also continue to manage his own short-only fund. McHugh, meanwhile, made a name for himself as lead portfolio manager for Turner Investment Partners' Midcap Growth and Concentrated Global Growth portfolios. McHugh will subadvise the fund from his perch at Turner, where he also works