Cannabis Hedge Fund Aims to Go Long U.S. Stocks, Short Canada
- Measure 8 was founded by Boris Jordan, chairman of Curaleaf
- Fund will employ short-term trading, risk-arbitrage tactics
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A pot-focused asset manager run by the chairman of Curaleaf Holdings Inc. is launching a new hedge fund with an eye to going long on U.S. cannabis companies and shorting Canadian producers.
Measure 8 Venture Partners LP is aiming to raise $100 million for the hedge fund, which will go live on June 1, and is also in the midst of raising $200 million for a new venture fund.