Why Point72 Alum David Rosen’s Top Performing Rubric Capital Likes Value Traps

Headed up by David Rosen, formerly of Point72 Asset Management, Rubric Capital Management has been raising money for its new Long Term Opportunities Onshore Fund and an offshore equivalent. The hedge fund is one of the top performers of the year with an 82% return in 2024.

Fund filings obtained by Hedge Fund Alpha revealed some details on Rubric’s new fund last year.

David Rosen's new fund

Someone familiar with the new fund’s launch told Institutional Investor that the fund was established to try to tap into the less-liquid opportunities Rubric runs across while managing its core strategies.

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The person told the outlet the new fund will be a...