BOSTON (HedgeWorld.com)–The hedge fund firm launched by former Commonfund and HVB Alternative Investment executives is making a new bet on Tuckerbrook Alternative Investments.
New York-based Hardt Group is making an investment in the Tuckerbrook business and in its latest fund offering. The amount was not disclosed.
On Nov. 1, Tuckerbrook launched its first hedge fund–the Tuckerbrook Long-Short Value Fund. Moses Grader, spokesman for Tuckerbrook, declined to disclose the asset size of the new fund. Officials plan to launch a private real estate fund and a real asset fund in early 2005.
Jay Yoder, who headed up the endowment investments at Smith College, Northampton, Mass., and at Vassar College, Poughkeepsie, N.Y., founded Tuckerbrook earlier this year (see).
Hardt Group is a US$750 million hedge fund firm co-founded by Jeff Landle, formerly the head of hedge fund investing at Commonfund, Wilton, Conn., and by Alexander Schweickhardt, former head of HVB Alternative Investments, New York.
Mr. Landle said, “We were very impressed with Tuckerbrook’s unique approach to developing and managing individual alternative strategies and appreciate the institutional discipline that Tuckerbrook brings to the management of their offerings.”
Tuckerbrook officials were not available to give details on the transaction. Radius Capital Partners, a Boston-based venture capital firm has also provided financing for the new investment management company.
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