Hedge Funds

Willow Creek withdraws from Pequot platform, debuts new funds


Willow Creek Capital Management of Greenbrae, Calif., has ended its joint venture with Pequot Capital Management. And in its first move after becoming a standalone hedge fund firm again, it is preparing to launch two "best ideas" funds.

In early March, Willow Creek, a $200 million microcap and small-cap specialist, began trading Willow Creek Short-Biased Fund and Willow Creek Long-Biased Fund with capital from its general partner. The long-biased fund will make 12 to 25 concentrated bets on the flagship portfolio's highest-conviction names. The short-biased fund is expected to maintain an exposure of 50% to 150% net short to