Saturday, 27 December 2014
Last updated 2 days ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.