Hedge Fund Crawford Lake Names President

Apr 29 2015 | 10:23am ET

Hedge fund industry veteran Jeff Schachter has joined Crawford Lake Capital Management as president and chief operating officer.

“We are thrilled to be having Jeff join us in further developing our business and strategy,” said Crawford Lake principals Isaac Markowitz and Jack Herzka. “Jeff’s experience and contacts in the industry will allow us to take our strategy to the next level.”

Founded in 2006, Crawford Lake employs a fundamental strategy that focuses on sourcing publicly traded companies with solid earnings growth and momentum and positive stories, but with strong potential upside from a technical perspective.

The firm employs a strict risk management discipline that has resulted in a nine-year track record annualizing over 15% with a volatility of just over 8% and no down years. The firm currently has just under $50 million of assets under management.

Satori Alpha in Ft. Worth, Texas is the firm’s acceleration capital partner. Satori manages $500 million invested in alternative fixed income, hedge funds and real assets.

“Isaac and Jack have a proven methodology and track record that I am personally excited to help them build upon,” said Schachter.

Prior to joining Crawford Lake, Schachter was with New York-based Avet Capital Management, a long-short biotech hedge fund firm he co-founded with Norbert Gottesman from SAC Capital.

Prior to Avet, Schachter was co-founder and co-portfolio manager of Cedarview Capital Management, a credit fund with peak assets under management of $670 million. He also served as a managing director at Helios Advisors.

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