Sunday, 26 April 2015
Last updated 1 day ago
Jul 12 2007 | 2:02pm ET
A pair of former family office portfolio managers is looking to buzz its way into the hedge fund space with a new event-driven offering.
Winston Wei and David Kazarnosky of New York-based Quartersaw Investments this month launched their maiden hedge fund, the Quartersaw Investments Fund, a long/short, event-driven vehicle with $16 million in assets.
“The fund is very opportunistic and will maintain an open mind to many different profitable strategies,” said David Bickel, Quartersaw’s CFO. “The strategy is value-driven; the fund searches for inefficient pricing in the market, whether it's stocks or bonds or other products. The two managing partners are brilliant but down-to-earth guys. They spent most of their investment careers with a family investment office that has a 21-year track record of 20% plus annual returns without a single down year.”
The firm’s name harkens back to a time-intensive method for cutting wood logs perpendicular to their growth rings, creating a “straight, pleasing grain and a considerably stronger wood” that few mills sell because of the technical skills and patience needed, according to its brochure.
The fund charges a 2% management fee and a 20% incentive fee with high watermark.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…