Equinox Financial Group is following up on its recent acquisition of Tapestry Asset Management, a hedge fund shop, by launching a long/short fund with Princeton, NJ-based Tapestry as the subadvisor.

According to a regulatory filing, the Equinox EquityHedge U.S. Strategy Fund is a long/short mutual fund slated to launch within the next two months. Afroz Qadeer, chief investment officer at Tapestry, is the portfolio manager of the fund. Prior to co-founding Tapestry in 2002, Qadeer was responsible for hedge fund research and portfolio management at Goldman Sachs.

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