WEST PALM BEACH, FL (HEDGECO.NET) – Mirador Capital Management will soon launch a new hedge fund with a special focus on the media, according to news reports. Veteran portfolio managers, and analyst,Seema Hingorani and Michael Parker, are setting up the new hedge fund.
Hingorani was formerly a general partner and portfolio manager at the $100 million Andor Media & Entertainment Fund; she also served as an equity analyst covering Internet stocks and media at T.Rowe Price. Parker formerly served as a managing director and portfolio manager at Spears, Benzak, Salomon & Farrell, tracking finance and energy investments, according to published reports.
The new fund, a diversified strategy, has been seeded with US $100 million, and will be dedicated to trading assets in four sectors: media and entertainment, consumer non-durables, financial services and oil and gas.
The new hedge fund, according to its founders, will utilize a unique research approach, through a network of private company research to identify trading opportunities. Such research capabilities will enable portfolio managers to quickly identify media trends, through a careful analysis of �consumer perception and demand research, using consumer tracking studies, focus groups, and polling.�
Hingorani, said, “In this highly competitive climate for public securities research, it’s hard for investors to gain a real information advantage.” According to him, Mirador�s media investments will be made up of large cap entertainment, smaller broadcasters, publishing firms, cable, Internet, and other consumer media.
Further details on the new fund have not been provided as of yet.
Paul Oranika
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HedgeCo.Net
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