New York Times Blogs- Big Brown may have failed to complete his Triple Crown sweep on Saturday — indeed, he came in dead last. But hasn’t slowed down what appears to be a burgeoning new sector: the race-horse hedge funds.
Big Brown’s owner, International Equine Acquisitions Holdings, isn’t the only player trying to raise a new horse-focused hedge fund, in which the owners adopt the much-ballyhooed two-and-twenty fee structure. The Wall Street Journal reported that Nick Zito, the trainer whose horse bested Big Brown, is also seeking to get into the game with his own fund.
