Hedge Funds AM, BAM To Merge

Mar 31 2010 | 2:29am ET

AM Investment Partners is absorbing hard-hit BAM Capital in what an AM spokesman calls “a merger of equals.”

Both hedge funds manage about $300 million, although BAM had assets of about $1 billion two years ago before being buffeted by investment losses and investor redemptions. BAM, which was founded in 2002, moved some illiquid assets into a side-pocket in November.

No money will change hands; instead, BAM founders Ross Berman and Hal Mintz will join AM as partners, alongside the latter firm’s founders, Mark Friedman and Adam Stern. Berman and Mintz will become co-chief investment officers alongside Friedman. Stern will remain CEO of the firm he and Friedman co-founded in 2001.

“We have known the co-founders of AM and several of their portfolio managers for years,” Berman said. “A combination with them brings forth many powerful synergies.”

Both firms are based in New York. The deal is expected to close in the second quarter.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.