Sunday, 3 May 2015
Last updated 2 days ago
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."
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…