Sat, Dec 3, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan