Wednesday, 6 May 2015
Last updated 8 hours ago
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.
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…