COLUMBUS, Ohio (HedgeWorld.com)–Prospero Capital Management LLC registered three private hedge funds with the Securities and Exchange Commission.
Prospero will launch a long-only unleveraged fund, a long/short fund and a market neutral fund. The long fund, Antenor Fund LLC, will use a value style approach that lies somewhere in between Graham-Dodd and growth at a reasonable price, said the firm’s 31-year-old president, Benjamin J. Bornstein.
The long/short fund, Beaumont Fund LLC, will combine the same long-strategies from the Antenor Fund with selected short trades. The market neutral fund, Curan Fund LLC, will invest similarly, but will aim to equally balance the long and short portfolios, aiming to be both dollar-neutral and beta neutral, Mr. Bornstein said. He’ll also use index-linked securities on the short side when necessary to keep the portfolio balanced between long and short.