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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note