|Ron Beller has recently launched Branch Hill Capital, a new hedge fund management firm based in San Francisco. Mr. Beller had previously founded Peloton Partners in 2005 with fellow Goldman Sachs veteran Geoff Grant, but the asset-backed security focused hedge fund firm went bust in February 2008. According to the Wall Street Journal, after the fund’s dissolution Mr. Grant founded Grant Capital Partners, a global macro hedge fund manager that currently oversees $350 million. Mr. Beller’s re-launch also follows similar reincarnations of funds that imploded during the financial crisis and credit crunch, including Jim Pallotta’s recent launch of the |
Raptor Evolution Fund.
Mr. Beller founded Branch Hill Capital with Manal Mehta, a former colleague at Peloton Partners, and the pair are currently managing $40 million of their own funds with plans to open the fund to external investment before the end of the year. Branch Hill follows a deep-value special-situations strategy with listed stocks and credit-default swaps but no leverage.