Thursday, 24 July 2014
Last updated 17 min 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.
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…