Hedge Funds

Metropolitan opens best-ideas fund

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Metropolitan Capital, an event-driven firm founded by Karen Finerman and Jeffrey Schwarz, is opening its high-performing best-ideas fund to outside capital.

Metropolitan Capital Advisors Select Fund is a concentrated portfolio containing the best ideas of the firm's flagship Metropolitan Capital Advisors fund, an equity-focused portfolio that follows an event-driven, special-situations strategy. Metropolitan created the best-ideas fund in response to demand from investors looking for a vehicle that would target higher returns, Finerman says.


Karen Finerman

Ideally, the new fund will consist of 10 to 15 ideas focused on catalysts arising from the corporate life cycle, such as