Nashville, Tenn.-based Courage Capital Management has added two long/short equity specialists to its investment team.
Brad Weeks and James Hughes are both formerly of Ergates Capital Management where Weeks was co-founder and the force behind the Ergon Capital Fund launched in 2004. Prior to this, Weeks held positions at Glenhill Capital Management and the hedge fund firm Water Street Capital, where he began his investment career in 2000.
Hughes, who served as an investment analyst at Ergates Capital, had previously been president and CEO of H&J Media Group, co-founder and portfolio manager for V4 Partners/Patriot Capital, and a trader/analyst for Water Street Capital.
Together the new hires have 20 years’ experience “identifying investment opportunities through deep fundamental analysis."
Weeks and Hughes are managing a strategy designed to provide exposure to broad market declines via a portfolio of short investments in individual equities. They will also be managing a strategy to capitalize on opportunities in long/short equities.
Founded in 1998, Courage is an alternative asset management company that focuses on hedge funds and closed-end distressed funds.