Burnham's Geffen Launches Concentrated Energy-Focused Fund

Aug 10 2011 | 11:52am ET

A Burnham Asset Management veteran has launched a hedge fund of his own.

Wayne Geffen's First Serve Asset Management formally unveiled its maiden hedge fund at the beginning of August, HFMWeek reports. But he's been running the First Serve Capital strategy for three years through a series of separately managed accounts.

New York-based First Serve, which was itself founded just last month, features a concentrated long/short equity portfolio. Geffen focuses on mid- and small-cap companies in the U.S. energy space, although it may include some international investments.

First Serve has already secured commitments from several high net-worth investors. The new fund charges 2% for management and 20% for performance and has a $500,000 minimum investment requirement with a one-year lockup.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...