Bridgehampton Capital Management LLC, a manager of long-biased hedged and unhedged investment partnerships and privately managed accounts, has announced the introduction of the Bridgehampton Value Strategies Fund, its first open-ended mutual fund.
The Bridgehampton Value Strategies Fund (the “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 United States. 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. We believe the Fund’s flexible mandate, fundamental research process and experienced management team set this Fund apart.
Kenneth E. Lee, the portfolio manager of the Fund said, “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.”
The Fund will trade under the ticker symbol BVSFX. The Fund is managed by the senior team of Kenneth E. Lee, the portfolio manager of the Fund and the founder and managing member of Bridgehampton Capital Management LLC (“BCM”) and Charles D. Morgan, partner and co-manager of investments for BCM. Mr. Lee, prior to founding BCM in 2005, was most recently Managing Director at Saranac Capital Management LLC, a spinout from Salomon Brothers Asset Management and Citigroup Alternative Investments. Mr. Morgan, prior to becoming a partner at Bridgehampton in 2008, was most recently CEO and Chairman of Acxiom Corporation (ticker symbol: AXCM), based in Little Rock, Arkansas. Both Mr. Lee and Mr. Morgan have investments in BVSFX.