Hedge Funds

DKR prepares market-neutral fund for Q4 launch


DKR Capital, the $3.8 billion multistrategy firm based in Stamford, Conn., is planning to launch an equity long/short fund in the fourth quarter, its first fund launch of the year. The firm introduced four new funds in 2005.

The new portfolio will employ a market-neutral strategy driven by statistical models that analyze behavior dynamics and will involve a joint venture between the firm's statistical group and a team of as-yet-unnamed academics.

DKR currently offers 15 products to investors, with most concentrating on event-driven, convertible arbitrage, merger arbitrage and credit strategies. The firm has a smaller concentration of investments in