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

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...