Seeder, Broker In Acceleration J.V.

Sep 20 2012 | 10:32am ET

Hedge fund seeder North Creek Advisors has joined forces with brokerage Butler Capital Investments to ramp up its hedge fund acceleration business.

The firms' new joint-venture, North Creek Butler, will offer early-stage and small hedge funds sales, investor relations and capital-raising services, while also working to build relationships with large investors to create bespoke early-stage hedge fund investment programs. The new unit, which features 16 staffers, will be led by Steven Bloom and Bruce Wilson from North Creek and Butler Capital's Alan Butler.

North Creek was founded 2010 and boasts seed relationships with three hedge funds. Bloom is a co-founder of Sagamore Hill Capital Management, while Wilson's résumé boasts stints as chief operating officer at Third Point and Quantitative Financial Strategies and as controller at Long-Term Capital Management.

"We believe smaller and early-stage managers, if carefully selected and managed, can be among the best-performing hedge fund investments," Bloom said. "Coming together with Alan and his team gives us a terrific opportunity to add even more value for smaller managers and investors. We look forward to working with our managers and connecting them with investors at a point in the manager's life-cycle when they often generate the best returns."

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…