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Alternative Market Briefing

Battenkill Capital, an energy and infrastructure fund, draws institutions early on

Tuesday, November 20, 2012

amb
Rick Franzen
Bailey McCann, Opalesque New York:

Few funds that launched in 2007 made it out of the downturn alive, especially if they launched without significant seed capital. But for one firm– New Jersey-based Battenkill Capital Management, 2008 served as a means of establishing a solid track record by showing that the firm could weather all types of markets. Battenkill launched its Alpine Fund in 2007, and has already been able to attract the interest of institutional investors.

Battenkill Capital’s flagship fund, the Alpine Fund, is a market-neutral equity hedge fund focused on investment in the energy and industrial sectors. The firm launched as a self-funded venture between principal Bruce Vinci and Rick Franzen. The two men gave themselves five years to start the firm and build a track record that they could then take to investors and build a business. Franzen, Co-Founder and Portfolio Manager, brought over 15 years of experience from firms such as Millennium and Merrill Lynch Asset Management, where he focused on trading the energy and industrial sectors, while Vinci leveraged previous experience as a broker-dealer.

"We both wanted to create a company from the learning experiences we had over our careers, building on what worked and what didn’t in the past to make a well crafted product," says Vinci in an interview with Opalesque. "Rick is passionate about the energy and industrial sectors given the number of years he has dedicated to investment i......................

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