Economist Dennis Gartman Launches River Crescent Hedge Fund

August 22nd, 2009
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Economist Dennis Gartman is finally setting up his own hedge fund, the River Crescent Fund. Since 1987, Mr. Gartman has been the editor of “The Gartman Letter,” a daily commentary on capital markets that covers political, economic and technical circumstances from both a long and short term perspective. The letter’s website include accolades from John Trammel of the Investor’s Select Funds, Nigel Saperia of Glencore Commodities Fund and Mark Kingdon of Kingdon Capital

According to Bloomberg, the River Crescent Fund will employ a long/short strategy that invests in commodities and global equities, based on the recommendations made in Mr. Gartman’s self-published “Gartman Letter.”

In March of this year, Mr. Gartman partnered with Canada’s AlphaPro Management Inc. to launch the Toronto-listed Horizon AlphaPro Gartman Fund (T: HAG.UN), a global actively managed fund that plans to convert into an actively managed ETF by no later than March 31, 2010. As of Friday’s close, the fund’s market value was $CAD 45.72 million, having fallen approximately 9.6% since inception.
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For Detailed Investor Profiles on these Investors, click below:
River Crescent Fund
Kingdon Capital Management
Related People: Dennis Gartman;; Mark Kingdon; Michael J. Mackey (Co-CIO)
Related Entities: AlphaPro Gartman Fund; AlphaPro Management Inc; Kingdon Capital; River Crescent Fund; The Gartman Letter
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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