Playing up their rough-and-tumble investments in distressed companies, hedge funds name themselves with brash, ferocious or outlaw-sounding titles, Reuters reports. Weapons and wild beasts are also points of inspiration.
Pirate Capital, a hedge fund in Connecticut, recently launched a hedge fund called Jolly Roger, named for the pirate flag with the crossbones design. Corsair, the name for a pirate off the North African coast, is another hedge fund name.
"We invest in distressed companies and we like people to know about it," fund manager Tom Hudson told Reuters.
Matador, Rapier, Grizzly Bear and Black Bear are a few other hedge fund nomenclatures.
One institutional manager who invests $3 billion in hedge funds said he pays close attention to their names "because it illustrates [the managers] thinking and how they will run their business."
Then there is the snob-appeal approach. One hedge fund, Dalton, is named for the prestigious Upper East Side Manhattan prep school. The managers say the name is working; alumni and classmates are calling.
__
The staff of Mutual Fund Market News ("MFMN") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MFMN, and have not prepared, sponsored, endorsed, or approved these summaries.
