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The one-year mark has a specific function in long/short equity: it is when many institutional allocators first open a due diligence file on a new fund.
Against that backdrop, CXC Investments, LLC, based in Hollywood, Fla., announced that its CXC Horizon Fund completed its first full year of operation and was profiled in Hedge Fund Alert, the industry publication from With Intelligence.
A milestone that functions as a credential For emerging managers, the first anniversary is less a celebration than a gate.
Allocators routinely require a minimum track record before placing capital, and 12 months is widely understood as that floor.
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