Hedge Funds

Ale heirs offer hedge fund to outsiders

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Chimay Capital Management, the U.S. investment arm of Belgium's Caraman-Chimay brewing family, is set to open a nine-year-old, in-house hedge fund strategy to outside investors for the first time in December.

New York-based Chimay Capital was co-founded in 1998 by Gui de Chimay, who serves as the firm's chairman, chief investment officer and portfolio manager. The new long/short fund, Spartan Mullen Chimay II, will follow a strategy similar to that of the $175 million Spartan Mullen Chimay, a hedge fund that the family office has run for its members since 1998. The new fund, however, will employ a lower