Hedge Funds

Gates to reopen ECF Value International


Gates Capital Management will reopen its ECF Value Fund International on January 1, largely to accommodate existing investors.

The fund, managed by firm founder Jeff Gates, follows an event-driven strategy, in part by investing in securities created by spin-offs and financial restructurings. Through November, ECF Value Fund International had netted a return of 11.49%. Since its July 2002 inception, the portfolio has generated an annualized return of 21.2%.

Gates also manages several other well-performing vehicles: ECF Value Fund, which since its June 1996 inception has generated a 16.73% annualized return; and ECF Value Fund II, which sports annualized