Protégé Partners seeds market-neutral relative value hedge fund

Protégé Partners is to make a significant seed investment with Mill Hill Capital. The actual dollar amount was not released.

Mill Hill Capital's strategy will be focused on market-neutral relative value trading in US credit. The team will seek to identify asymmetrical strategies across securitized and corporate bond markets, and concentrates primarily on the following asset classes: CLOs, corporate financials, corporate transportation, aircraft ABS, esoteric ABS, non-agency mortgage-backed securities, and credit indices.

The Mill Hill Capital investment team is led by David Meneret who founded Mill Hill Capital in February 2015. David is a 14-year trading and investment management veteran who most recently served at Macquarie. The team is composed of six professionals and an analytics developer, five of which previously worked together at Macquarie for more than five years.

New York-based Protégé Partners, LLC was founded in 2002 to focus exclusively on investing in small and emerging managers with an opportunistic approach to seeding. Key components of the Protégé Solutions model include fund-of-one customized portfolios, advisory, and investor syndication. Protégé is headquartered in New York, NY.

Mill Hill Capital is an investment adviser based in New York. The firm focuses on market-neutral relative value investments in US credit and seeks to construct asymmetrical return profiles through investments across securitized and corporate bond markets.Full source

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.