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Alternative Market Briefing

Hedge fund Bridge Reid merges with Willow Oak Asset Management

Friday, May 19, 2017

Komfie Manalo, Opalesque Asia:

The General Partner of Bridge Reid Fund I, LP, a private hedge fund that utilizes value-oriented investment principles, has entered into a partnership with Sitestar Corporation asset management subsidiary Willow Oak Asset Management.

Under the deal, Willow Oak will provide Bridge Reid with fund advisory services. Bridge Reid will continue to be managed by its General Partner members, Michael Bridge and Nathan Reid.

"We are thrilled to partner with Mike and Nathan. I have held both of them in high regard since first meeting them at the Berkshire Hathaway annual meeting in 2011. Bridge Reid fits perfectly with our asset management operations since Mike and Nathan share our investor friendly approach, and our passion and belief in value investing as a superior long-term investing approach. We look forward to working with them to build Bridge Reid for long-term success," said Steven Kiel, Sitestar's CEO.

Michael Bridge, Bridge Reid's co-managing member, commented, "Nathan and I are extremely excited to partner with Sitestar. Since becoming a portfolio manager in 2012, Steve has compiled a remarkably successful investment track record. We have also been impressed watching Steve and his team build a value investing-oriented asset management platform at Sitestar through its Willow Oak subsidiary. We look forward to Bridge Reid benefitting from Steve's knowledge and perspective, and being associated with a growing, institution......................

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