The Rock Creek Group, a Washington D.C.-based asset manager, has made a strategic investment in Halogen Partners, a nascent value-oriented hedge fund in New York.
Rock Creek, which runs a $4 billion fund of hedge funds, said it has a revenue participation agreement rather than an equity stake in Halogen. Rock Creek declined to specify the size of its investment in Halogen, which was made through a private equity vehicle named Partners Fund.
Halogen was founded in January 2006 by Tom Price, a former portfolio manager and partner at Short Hills, N.J.-based MFP Investors. Prior to joining MFP, Prince