Wed, Oct 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Alternate asset managers AM Investment Partners and BAM Capital agree to merge

Wednesday, March 31, 2010
Opalesque Industry Update - Alternative asset managers AM Investment Partners, LLC and BAM Capital, LLC announced today that the firms have agreed in principle to combine in a merger of equals, with each firm contributing its respective portfolios, management teams and infrastructure to the newly combined entity which will be called AM Investment Partners.

The firm will be run by BAM Capital co-founders Ross Berman and Hal Mintz and AM Investment Partners co-founders Mark Friedman and Adam Stern, and will continue to focus primarily on relative value strategies within the volatility asset class. The newly combined entity, whose flagship strategy will be a long volatility product, is anticipated to manage approximately $600 million.

“We have known the co-founders of AM and several of the portfolio managers for years. A combination with them brings forth many powerful synergies,” said Ross Berman. “Among our peers in the volatility space, we admire AM and believe its similar investment philosophy and culture will be a good fit with BAM. There is tremendous potential in leveraging our 17 years of experience building and managing hedge funds as well as the decades of business and investment experience among the professionals of the combined firms.”

“We believe that the core of any volatility strategy is a strong grasp of both macro and micro fundamentals,” added Mark Friedman. “We have had a friendly dialogue with Ross and Hal over the years, and the similarity of our styles and the way we have built our respective companies makes me confident that this merger is the natural next step in further developing our core discipline, which is rooted in identifying idiosyncratic volatility.”

“The central mantra of my trading career is that one can approach relative value investing in options to create a truly uncorrelated return profile,” stated Hal Mintz. “With AM’s investment talent, technology, and world-class infrastructure, we believe that the combined entity will have one of the few ‘institutional’ products that is focused on absolute total returns while maintaining attractive uncorrelated characteristics.”

The completion of the combination is expected to occur in the second quarter of 2010, subject to customary closing conditions and third party consents.

About BAM Capital
BAM Capital, LLC and its affiliates (“BAM”) manage two hedge fund complexes and one separate account, which pursue volatility arbitrage strategies. BAM employs a sector-based, bottom-up approach to trade predominantly U.S.-listed equity, index and ETF options and their corresponding underliers. BAM was founded in 2002 by Ross Berman and Hal Mintz.

About AM Investment Partners
AM Investment Partners, LLC (“AM”) manages four master feeder hedge fund structures, which are primarily focused on relative value volatility arbitrage investing. The New York-based alternative asset management company was founded in 2001 by Adam Stern and Mark Friedman. AM also works closely with investors on customized managed accounts that draw on its areas of expertise and offer a variety of return profiles. -PD-

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad