Sun, Sep 25, 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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L