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Stonehorse Capital acquired by Athena Capital, to continue focusing on emerging hedge fund managers

Saturday, July 23, 2011

Lisette Cooper
Opalesque Industry Update – Fund of hedge funds manager Stonehorse Capital Management was acquired by Athena Capital Advisors in late June. The new firm will be called Athena Stonehorse, and should benefit emerging managers, which was a main focus of Stonehorse Capital.

"Each firm possesses unique strengths, and this acquisition elevates our exemplary model of customized service to the next level. Emerging managers are overlooked by most investors, leaving opportunities for greater performance for those who can source and evaluate these investments. The acquisition of Stonehorse will allow Athena to take advantage of Jared Perry's extensive experience in the emerging manager space, which he developed while managing Duke University's $1 billion emerging manager portfolio. Adding Stonehorse to the Athena family will enhance Athena's institutional profile and continue to build out our differentiated and world-class hedge fund program,” said Athena Capital’s Founder and CIO Lisette Cooper in a statement released by the firm on Friday.

Stonehorse focuses mainly on long/short equity and event driven emerging managers (those with less than $500m and fewer than 36 months track record). In 2009, Institutional Investor named co-founder and CIO Jared Perry one of the “Rising Stars of Hedge Funds”

Massachusetts-based Athena Capital, which was founded in 1993 is a registered investment advisor and has made the list of Forbes Magazine’s top 50 fee-only RIAs by AUM for two years, and been ranked by Wealth Manager Magazine #1 amongst top wealth managers by AUM per client.

Kirsten Bischoff

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