Hedge Fund News From HedgeCo.Net

Deer Park Launches A New Hedge Fund

launch1New York (HedgeCo.Net) – Deer Park Road Corp. is launching a new mortgage/asset-backed hedge fund, Burgess Creek Fund, after closing its flagship fund, STS Partners Fund, with $750 million currently under management.

The new fund’s strategy will be similar to what Deer Park has been successfully using for a separate account that it has been running for a large institutional investor with $170 million currently under management.

“When we started running this strategy as a separate account for one of our investors it was a natural extension for us since it took advantage of the deal flow, systems and portfolio management process that we were already using to manage STS Partners Fund”, said Michael Craig-Scheckman, Portfolio Manager and owner of the firm. “Since that time we have produced good results and had a number of investors express a strong interest in this strategy, so we decided to move ahead with the launch of Burgess Creek Fund”.

The firm manages almost $1 billion in several portfolios for investors.

Alex Akesson
Editor for HedgeCo.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Related Posts Plugin for WordPress, Blogger...
This entry was posted in HedgeCo News, Hedge Fund Launches. Bookmark the permalink.

Leave a Reply