Bridgehampton Capital Management LLC Announces Launch of its First Mutual
The Bridgehampton Value Strategies Fund Offers the Public Direct Access to a
Team of Experienced Hedge Fund Managers
BRIDGEHAMPTON, N.Y. -- November 07, 2012
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.
For additional information on BCM and the Fund, please see the fund’s web
site, www.bridgehamptonfunds.com, contact Blake Davis at 631.259.6742 or
firstname.lastname@example.org, or call a representative at the Fund’s
transfer agent, UMB Fund Services, at 855-226-4600.
You should consider the funds’ investment objectives, risks, charges and
expenses carefully before investing. For a prospectus or summary prospectus
containing this and other information about the Fund, call 1-855-226-4600.
Please read the prospectus or summary prospectus carefully before investing.
All investments in this fund are subject to the risk of loss of principle.
An investment in the Fund is subject to risks and you could lose money on your
investment in the Fund. The principal risks of investing in the Fund include,
but are not limited to, investing in foreign securities, emerging markets,
short sales, leverage, derivatives, fixed income and below investment grade
bonds, convertible securities, quantitative analysis, arbitrage, portfolio
turnover and non-diversification. More information about these risks may be
found in the Fund’s prospectus.
The Fund uses arbitrage strategies which involve different risks than those
that are ordinarily associated with equity investments. If certain spreads do
not converge or certain events do not occur, significant losses may result
from these trades. Foreign securities have additional risks including currency
rate changes, political and economic instability, lack of comprehensive
company information, less market liquidity, less efficient trading markets,
and differing auditing controls and legal standards. Investments in emerging
markets involve even greater risks.
The use of short sales may cause the fund to have higher expenses than those
of other equity or fixed income funds. Short sales involve special risks,
including a greater reliance on the investment team's ability to accurately
anticipate the future value of a security. The Fund's losses are potentially
unlimited in a short sale transaction. The Fund's use of short sales increases
the Fund's gross exposures, which may increase risk if not executed properly.
The Fund's use of leverage can make the Fund more volatile and magnify the
effect of any losses.
There is no assurance that a leveraging strategy will be successful. The Fund
invests in fixed income, convertible, and below investment grade securities
which can lose their value as interest rates or credit spreads increase and an
investor can lose principal.
The Bridgehampton Value Strategies Fund is distributed by Grand Distribution
Bridgehampton Capital Management LLC
Blake Davis, 631-259-6742
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