Tuesday, 13 October 2015
Last updated 5 hours 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…