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