NAPLES, Fla. (HedgeWorld.com)–Spyglass Capital’s onshore and offshore funds will close to new investors on Jan. 1 and will be closed to new capital on March 1, said Paul Brodsky, chief executive of the fixed-income arbitrage firm.
Currently, the two funds have US$150 million in assets and the infrastructure and professional staff are in place to handle the organic growth of the strategy after March. To complete its trading desk, Spyglass hired Stanley A. Vukmer in February to handle securities trading, quantitative analysis and risk management of the funds.