Massachusetts-based private client and institutional investment advisor Athena Capital Advisors is launching a new hedge fund, according to FINAlternatives.

Athena Alpha Investors Holdings will be managed by chief executive Lisette Cooper and general counsel Leonard Lewin. Ms Cooper founded the firm in 1993.

The fund has already attracted $57.6 million, according to a Securities and Exchange Commission filing reported by the publication, with all the money coming from two unnamed investors.