Hedge Fund Manager, Up 81% This Year After Doubling Last Year, Sells Out

``Melville, N.Y.-based Alnbri Management has sold its Hybrid Fund II to Woodward Alpha Management. The hedge fund, founded last year by Vincent McCrudden to create a vehicle for friends and family to invest in a strategy that produced triple-digit returns for him, is up 89.71% this year, according to a press release from Alnbri. The fund nearly doubled its investors money during the last eight months of 2008, soaring 99.6%, while the average hedge fund fell by double-digits.''