Tuesday, 27 January 2015
Last updated 4 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…