Bridgehampton Capital Management, a manager of long-biased hedged and unhedged investment partnerships and privately managed accounts, has launched its first mutual fund, the Bridgehampton Value Strategies Fund.
The new fund seeks higher returns and lower volatility than the S&P 500 Index over a three to five year time horizon.
The fund pursues this investment objective by employing a combination of long-biased and market neutral arbitrage trading strategies that principally entail investments and hedges in common stock, convertible securities, and debt securities issued by companies of any market capitalization, primarily in the US.
In addition to long investments in fixed income and equity securities, the fund will also deploy convertible arbitrage, event-driven arbitrage and fixed income arbitrage strategies, among other investing and trading strategies.
Kenneth E Lee, the portfolio manager of the fund, says: “We have designed this strategy around how we want our own money to be managed: flexibly, in order to deploy capital efficiently to different asset classes and strategies as they become attractive. As a result, we have been managing money this way at Bridgehampton Capital since 2006, and our sincerest hope is that a broader group of investors can benefit from this new structure.”