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Alternative Market Briefing

Two former Millennium managers hit the ground running with new industrials-focused hedge fund

Wednesday, January 04, 2017

amb
Lee Bressler
Benedicte Gravrand, Opalesque Geneva for New Managers:

Two fund managers who used to work at Millennium, a global investment management firm headed by Izzy Englander, have launched a market neutral hedge fund focused on industrials sector equities.

Lee Bressler and Brandon Bradford launched Carbon Investment Partners on 1st November 2016 with backing from the family office of Rick Nagel and Acorn Growth Companies, a private equity firm specialised in aerospace and defence companies (of which Rick Nagel is managing partner).

Most recently, Lee Bressler was a vice president and sector head for industrials at Sterling Ridge Capital Management. Before that, he served as senior analyst at Balyasny Asset Management, and worked at Millennium Partners and Cobalt Capital Management. Bradford was a partner at Acorn in Oklahoma City for three years, after his time at Millennium. Before Millennium, he was a senior analyst at Vollero Beach Capital Partners, a $1bn market neutral hedge fund.

The fund managers, based in New York City, have gathered about $10m from their backers and the Carbon Master Fund, LP returned 5.7% in its first month.

Both have deep expertise in industrials and have covered various sub......................

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