New Hedge Fund, Branch Hill Capital, Launches

By Jack Simony

A new hedge fund, Branch Hill Capital, has been launched by Ron Beller and Manal Mehta, the New York Times reported, citing a report in the Financial News.

The fund started in June, and is up 15 percent according to the report.

The two started the fund with $40 million of their own capital, and are trying to raise $250 million from outside investors, the report said.

- By Jack Simony