New York-based Camac Partners has unveiled its first hedge fund, FINalternatives reports. The new fund invests in a number of asset classes and seeks to uncover situations that have a severe lack of competition, coupled with indiscriminate selling. The portfolio was initiated by Eric Shahinian, who was most recently an analyst at Kingstown Capital. The fund may hold a cash balance in the absence of compelling investment opportunities. BTIG is the fund’s prime broker.
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