New York-based hedge fund firm Eidesis Capital is reopening its flagship Eidesis Structured Credit Fund Oct. 1. The USD420 million fund launched in September 2002 with USD10 million and has been profitable for 35 of its 36 months, according to a marketing e-mail. Simon Mikhailovich, managing partner, declined comment.
The fund typically invests in collateralized debt obligations and credit default swap indices. Last month the fund returned 0.43%, and it is up 2.94% year-to-date. The prime broker is Bear Stearns.
