Silver Creek Capital Snags Sagamore Founder

Jan 23 2007 | 2:25pm ET

Fund of hedge funds Silver Creek Capital Management has hired Steven Bloom, founder and managing partner of Sagamore Hill Capital Management, as senior managing director.

In this role in the $6.5 billion firm, Bloom will oversee Silver Creek’s Early Advantage Fund, a multi-manager fund that invests in emerging hedge fund managers, and will assist with all aspects of the firm’s investment process.

Based in Silver Creek’s New York office, Bloom will also be a senior member of the firm’s investment committee.

“We are very excited to bring someone of Steve’s caliber on to our investment team,” said Eric Dillon, co-founder and managing member of Silver Creek. “We look forward to leveraging Steve’s deep industry knowledge and broad experience to identify uniquely promising emerging hedge fund managers.”

Timothy Flaherty, co-founder and managing member of Silver Creek, said, “Steve is a proven leader with the skills and energy to help Silver Creek continue to excel. We warmly welcome him aboard.”

Bloom was the founder and CEO of Sagamore Hill Capital Management, previously a multi-billion dollar multi-strategy global hedge fund, where he was the head portfolio manager, responsible for overall fund management and the development of numerous fundamental and arbitrage investment strategies. Prior to founding Sagamore, Bloom was a co-founder and managing director of Susquehanna Partners, an international proprietary trading firm.

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