Hedge Fund With 30% Return Sees Assets Under Management Tripling

(Bloomberg) Runestone Capital Fund wants to triple its assets under management this year.The volatility hedge fund, which had a 30 percent return in 2016, almost doubled Runestone’s size in March to $32 million after big inflows, according to founder and portfolio manager Rune Madsen.

“We have a realistic goal to reach $100 million in total AUM for this year,” Madsen said in an email on Friday. “However, we have seen with others that when larger tickets start to come in, growth can be larger than previously anticipated.”

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