|Hayground Cove Asset Management has relaunched a version of its flagship hedge fund. While it was once a multi-strategy hedge fund, the new Raido Fund uses only the long/short equity element of the original strategy and focuses on large-cap companies, according to HFMWeek. |
Marc Soloway is the new hedge fund’s portfolio manager. Soloway has been with Hayground Cove since its inception in 2003. Before Hayground Cove, Soloway was an equity research analyst at Smith Barney and Bear Stearns where he covered discount & department stores and food & drug stores, respectively.
Hayground Cove Asset Management was founded in 2003 by Jason Adler. Before Hayground Cove, Adler had senior stints at Bear Stearns, Smith Barney and Baron Capital.