Yankee doodle

Yankee Advisers LLC is striking while the iron is hot. The Massachusetts-based hedge fund boutique, with about $29m under management across three products, has spent much of the past 18 months beefing up its ranks and focusing on uncovering new distribution channels.

Established in 1995, when Joe McGraw and his son Mark put together the broad-based fund of funds, Yankee Multi-Manager Fund ' the operation has taken a recent turn toward an industry trend of small shops developing a more business-