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