Launches & Closures Hedge Funds

D5 preps NAV arbitrage fund


Ted Dumbauld, former partner and chief investment officer at global fund of funds and seeding platform Access International Advisors, left recently to get back into direct money management. His new firm, D5 Advisors, will be based in Stamford, Conn., and its maiden long/short fund uses a market-neutral strategy to pursue inefficiencies in stocks for which one can calculate an underlying net asset value.

D5 Intrinsic Value Partners buys companies whose shares trade below - and shorts companies that trade at a premium to - their net asset values. It takes positions in companies in four sectors: the Canadian