Louisville, Ky.-based hedge fund firm Waycross Partners has launched a new fund for its riskier investors.
Business First reported that the creation of the fund, which opened January 1 with $1 million in seed capital, was prompted by investors who asked Waycross to launch a new vehicle who wanted higher returns in exchange for increased volatility.
The new fund is currently not open to outside investors.
Separately, the firm also renamed its original fund from Waycross 50/50 Growth Fund to the Waycross Long/Short Equity Fund to avoid “confusion.”
Founded in 2005, Waycross utilizes a long/short strategy across all its funds.