Bridgehampton Launches First Fund

Oct 13 2006 | 3:24pm ET

Bridgehampton Capital Management launched its first hedge fund this week, a long-biased, convertible-arbitrage, multi-strategy fund. The new vehicle is being managed by Kenneth Lee, who previously worked as a portfolio manager at Saranac Capital for almost seven years.

Lee, who left Saranac a year-and-a-half ago, declined to comment on the new fund. However, a source close to the Bridgehampton, N.Y.-based firm said the fund is long-biased but is expected to have lower volatility than most such funds. The managers are focusing on risk adjusted returns and are opportunistic.

According to the source, Lee is working alongside three other professionals including a professor from the University of Michigan, who is serving as a consulting partner.

The fund currently has investments from one family office and a few high-net-worth individuals, though it will be marketed to institutions once it has a track record.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of