Tech. Hedge Fund Plans Fundraising Push

Jul 24 2008 | 7:52am ET

Hedge fund Christie Street Capital is named for the local street in Menlo Park, N.J., where Thomas Edison had a lot of good ideas. Firm founders Greg Geiling and Andrew Berliner think they have some pretty good ideas, too, and they have the numbers to back it up.

Geiling, a former chief technology strategist at JPMorgan Chase, and Berliner, a former managing director at hedge funds Ark Asset Management and NorthStar Capital Funds, plan to raise several hundred million dollars for their two-year-old technology-focused hedge fund, which has returned almost 21% since inception, and is up 5.92% this year.

Christie Street is hoping to attract the interest of institutional investors and funds of hedge funds. The fund currently manages less than $50 million, all from family and friends.

According to marketing materials obtained by Reuters, the hedge fund aims to post 12% to 15% annual returns, shorting companies with products threatened by new innovations and going long on names with promising new technologies. Christie Street said its portfolio will hold between 40 and 60 technology names.

“Christie Street believes that there are a number of emerging innovations within the [technology, media and telecom] sectors that will result in significant market dislocations over the coming years,” the firm said in the marketing documents.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...