OAKS, Pa. (HedgeWorld.com)–Rose Glen Capital launched the Radcliffe Fund on Oct. 1 with US$115 million in assets and is slowly winding down its original master feeder fund RGC International following the departure of two of the firm’s principals.
The Radcliffe Fund will stick to the strategy Rose Glen is known for, combining public and private convertible arbitrage with related arbitrage strategies. Fund manager and Rose Glen Founder Steve Katznelson started his own firm after leaving Susquehanna, where he built and managed that firm’s convertible arbitrage business.
Rose Glen clients have been given the option to reinvest in Radcliffe Fund, which is also a master feeder structure.