Wednesday, 1 October 2014
Last updated 14 hours ago
May 26 2011 | 11:08am ET
After honing his skills managing money for auto insurer GEICO, Robert Bierig is ready to take on another kind of client: hedge fund investors.
Bierig has launched his first hedge fund, Amethyst Capital Partners, HFMWeek reports. The long-biased, concentrated value stock fund—it has just 10 to 12 core positions—focuses on strong management teams and long-term investments.
"Owning good businesses is the best way to compound capital in real terms over time, and this fund is a vehicle to do that," Bierig explained.
Bierig most recently worked at GEICO Investments, helmed until last year by legendary investor Lou Simpson, who managed money for the Berkshire Hathaway-owned insurer for three decades. But he's also worked at hedge fund ESL Investments, under Edward Lampert, and Frist Capital, the family investment firm of former U.S. Senate Majority Leader Bill Frist.
Bierig's Amethyst Capital Management is based in Chicago.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
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