New York (HedgeCo.net) – Kellner DiLeo & Company, LLC, a more than three decade-old hedge fund manager, has been reorganized and renamed Kellner Capital, LLC, and has launched a new event-driven investment fund.
George Kellner, Founder and CEO, said, “The Firm has experienced exciting changes and we thought it appropriate to rebrand the organization.”
The new fund launched with more than $50 mm in assets. “We believe our investment process which combines rigorous fundamental research with volatility trading provides an edge as we focus on niche opportunities which are less followed and undiscovered,” Kellner said. ”This is an exciting time to be a member of our Firm. We are in growth mode and the senior partners have all made a significant investment in our organization’s future.”