Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Meredith Whitney's Hedge Fund Set A 12%-17% Return Target

Linette LopezNov 14, 2013, 02:27 IST

Bloomberg Risk Takers

Meredith Whitney's new hedge fund, Kenbelle Capital, will aim for returns of 12%-17% according to an investor presentation seen by Bloomberg.

Whitney, known for her bearish call on Cit right as the financial crisis set in, closed her brokerage and opened a hedge fund with Stephen M. Schwartz (a Guggenheim and SAC Capital vet) this summer.

From Bloomberg:

Whitney's fund, American Revival Fund LP, seeks to profit from what she predicts will be the next cycle of growth in "America's Heartland," according to the presentation.

The fund started trading on November 1st. We're not sure of its AUM, but we do know the fund has $50 million from Bluecrest Capital Management, which has $35 billion AUM.

We'll see how it goes.