November 09, 2005

Pi Capital Inc. to open new offshore equity hedge fund

Pi Capital Inc., an SEC-registered investment adviser based in Beverly Hills, California, has announced that it will initiate a new offshore equity hedge fund called Pi Cap U.S. Equity Long/Short Growth Fund, Ltd. There will be three components in the investment plan, and all these components will be an integral part of the fund's portfolio. Business Wire reports:

The first component is to establish long positions in high quality companies exhibiting strong organic growth. Second, to manage risk, the fund seeks to take short positions on a selective and opportunistic basis. The third component is to hedge risk with a mix of financial and commodity futures.

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