Eyeing More Turf
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teenvestor2 Fri Feb 17, 2006 9:10 am    

Eyeing More Turf 
THE hedge fund world has another convert.

Investors from Wall Street banks to Carl C. Icahn have been inspired to start hedge funds in recent years, and nowhere is that trend more prevalent than in private equity.

In the latest example, Quadrangle Group, the media and communications investment firm, is planning to announce today that it is starting a hedge fund.

Quadrangle's plan is particularly interesting because both its private equity fund and its hedge fund will specialize in a particular industry sector, in this case media and communications. Most other firms that have private equity and hedge funds are generalists....
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