Bear Stearns Asset Management Hires New Hedge Fund Analyst.Business Editors NEW YORK--(BUSINESS WIRE)--July 19, 2002 Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. Asset Management Inc. (BSAM BSAM Basic Sequential Access Method BSAM Basic Software Acquisition Management course (at IRMC/DSMC also known as SAM 101) BSAM Business Subject Area Model BSAM Bachelor of Shuddha Ayurvedic Medicine BSAM Basic Synchronous Access Method ) today announced that Scott A. Merves has joined the firm's equity hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" group, New Castle Partners, as managing director and senior analyst. Mr. Merves, a former Bear, Stearns & Co. equity analyst, joins industry veterans Mark Kurland & Robert Reitzes at New Castle Partners. "Scott's background and expertise are the perfect complement to the talent of our existing team," commented Mark A. Kurland, Senior Managing Director and General Partner, New Castle Partners. "BSAM has long recognized the importance of hedge and absolute return strategies in a diversified portfolio. Scott's hiring further illustrates our commitment to and focus on this important asset class." New Castle Partners was established in 1995 and currently manages $1.1 billion in long/short and market-neutral domestic equity hedge funds. Mr. Merves was previously a partner and senior equity analyst at Glenview Capital Management where he covered basic materials, energy, packaging, fertilizer and other selected companies in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , technology, advertising and media. Prior to this, he worked for Bear, Stearns & Co. for seven years as an equity research analyst. Mr. Merves was voted a "Best Up-and-Comer" in Institutional Investor's 2000 survey and his group placed first runner-up in 1999. Mr. Merves graduated with honors from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. . BSAM currently manages more than $20 billion in assets across a wide spectrum of investment disciplines including U.S. equity and fixed income separate accounts and mutual funds, hedge funds, private equity funds and venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: . Corporations, municipal governments, multi-employer plans, endowments, foundations, family groups and high-net-worth individuals have all come to rely on the firm's proven investment expertise and dedication to client service. BSAM was founded in 1984 as a subsidiary of The Bear Stearns Companies Inc., one of the world's leading investment banking and securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the and brokerage firms. |
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