Sun, Dec 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

North Creek and Butler Capital form JV to service early stage and small hedge fund managers

Wednesday, September 19, 2012
Opalesque Industry Update - North Creek Advisors, LLC and Butler Capital Investments, LLC announced that they have formed a joint venture to enhance North Creek’s business of partnering with early-stage and small hedge fund managers to improve the managers’ businesses and raise assets.

The venture, called North Creek Butler (“NCB”), will work to accelerate and promote NCB’s hedge fund partners’ growth and success by strengthening the manager’s operations and investment processes. NCB’s 16-person team, led by North Creek’s Steven Bloom and Bruce Wilson, and Butler Capital’s Alan Butler, includes a dedicated sales group with extensive investor relationships that will also spearhead capital raising efforts on behalf of NCB’s affiliated managers. In addition to manager partnerships, NCB is pursuing relationships with large investors to create dedicated, bespoke early-stage manager investment programs.

“We believe smaller and early stage managers, if carefully selected and managed, can be among the best performing hedge fund investments. Coming together with Alan and his team gives us a terrific opportunity to add even more value for smaller managers and investors,” said Mr. Bloom. “We look forward to working with our managers and connecting them with investors at a point in the manager’s life-cycle when they often generate their best returns.”

“We are excited to work with North Creek to bring the best smaller managers to investors,” said Mr. Butler. “Through our exclusive long-term partnerships with managers, North Creek Butler’s business model helps managers create enduring businesses with sound operations and robust processes that are more attractive to investors.”

North Creek is a hedge fund acceleration firm founded in 2010 that enters into strategic partnerships with select early-stage managers to help them institutionalize and grow their business. North Creek currently has partnerships with three managers: Nantahala Capital Management, Academy Investment Management and JAC Capital Advisors.

Prior to North Creek, Mr. Bloom founded Sagamore Hill Capital Management, a global multi-strategy hedge fund. Before Sagamore Hill, he was a founding partner of the Susquehanna International Group, an international proprietary trading firm. Mr. Wilson is the former Chief Operating Officer of Third Point. He also served as President and Chief Operating Officer at Quantitative Financial Strategies, a quantitative hedge fund. Earlier in his career he was controller at Long-Term Capital Management.

Founded in 2001, Butler Capital is a registered broker-dealer and global capital placement firm specializing in the procurement of assets for alternative investment managers. Butler Capital has leveraged its global network of more than 1,200 investors, including family offices, endowments, foundations, pension funds, insurance companies, fund of funds and private banks to raise over $4 billion for various investment strategies. Prior to founding Butler Capital, Mr. Butler was a senior sales professional at Lehman Brothers and Morgan Stanley.

Press release

bc

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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und