Wednesday, 17 December 2014
Last updated 10 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.