|Katie Procter and Dale Geurts, two veterans of HHR Asset Management, last month formed Alloy Capital to launch their first global equity hedge fund, the Alloy Fund. According to HFM Week, the fund will invest using a global long/short strategy, and approximately two-thirds of the new offering’s portfolio will be invested in US-listed stocks with the remaining third invested internationally. Ms. Procter is Alloy Capital’s lead portfolio manager.|
The Alloy Fund will soft-launch in July with $50 million, and a hard-launch will follow in November. HHR’s former founder and general partner Edward Hintz provided the fund’s anchor investment.