Bourgeon Capital Management Names Michael J. Keohane, Formerly of SAC Capital Advisors, as New Partner; Keohane Will Co-Manage Bourgeon Partners Hedge Fund.Business Editors
NEW YORK--(BUSINESS WIRE)--March 19, 2002
John Zaro, managing member of Bourgeon bour·geon
Variant of burgeon.
Verb 1. bourgeon - produce buds, branches, or germinate; "the potatoes sprouted"
burgeon forth, germinate, sprout, spud, pullulate, shoot Capital Management, LLC (Logical Link Control) See "LANs" under data link protocol.
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BCM Business Contact Manager (Microsoft) ), a New York-based investment management firm, today announced that Michael Keohane has joined the firm as a partner.
Keohane, whose primary responsibility will be co-managing BCM's 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" , is a former analyst with SAC Capital Advisors, LLC, where he co-managed a $125 million long/short equity Long/Short Equity
A hedge fund strategy that involves buying certain stocks long and selling others short. There usually isn't a restriction on the country that the stocks trade in either. hedge fund portfolio. In that role, he was responsible for developing, tracking and implementing long and short consumer sector positions in the portfolio.
"I have known and respected Michael for many years and am extremely pleased that he has decided to join Bourgeon," said John Zaro, BCM managing member who founded the firm three years ago. "The guiding philosophy of our firm is to provide clients with unmatched customer service and strong performance. These are two attributes that Michael has demonstrated throughout his career, and will contribute to our success in the years ahead."
Keohane has over 14 years of experience as an investing professional. He began his career with Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , where he was responsible for trading the firm's capital in the municipal bond secondary market. He later joined J.P. Morgan, where he served as vice president and senior equity research analyst, covering the retail and consumer durable sectors. After five years with Morgan, Keohane joined Alliance Capital Management, LP, where he was promoted to senior vice president and portfolio manager. In that role, he co-managed the firm's mid-capitalization growth equity product, which had $1.8 billion of institutional and mutual fund assets Fund assets
The total value of a portfolio's securities, cash, and other holdings, minus any outstanding debts. .
While Keohane's primary responsibility will be co-managing BCM's hedge fund with John Zaro, he will also provide investment management advice to the firm's clients on an ongoing basis.
"Joining Bourgeon represents an ideal career opportunity," Keohane said. "As a successful, relatively new investment management firm, Bourgeon has tremendous upside potential Upside potential
The amount by which analysts or investors expect the price of a security may increase.
The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar , both in its investment management and hedge fund businesses. I look forward to helping John grow the firm while also contributing to its strong performance."
About Bourgeon Capital Management
Bourgeon Capital is a New York-based investment management firm founded in April 1999 that manages over $150 million in client assets. John Zaro, Bourgeon's founder and managing member, has over 20 years of experience in the investment management business, during which his performance as an investor for high net worth individuals and their families has been consistently strong. Before launching Bourgeon, Zaro was a managing director and partner with Warburg Pincus and a senior portfolio manager at J.P. Morgan. www.bourgeoncapital.com