Rail-Splitter is Latest to Launch Long-Only Fund

The little-known but creatively named Chicago hedge fund firm is starting a long-only product in response to investor requests.

Rail-Splitter Capital Management is the latest hedge fund firm to launch a long-only fund designed to take advantage of its stellar stock-picking ability in an otherwise challenging environment for long-short hedge funds.

In its October 10 letter to investors, the Chicago firm — which has kept a low profile despite being in business for more than a decade — said that on January 1 it will launch the Rail-Splitter Long Fund, which will mirror the long portfolio of its existing hedge fund, the Rail-Splitter Fund, with no...

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