Steven Bloom Joins Silver Creek Capital Management as Senior Managing Director.Fund of Hedge Funds A fund of hedge funds is a fund which invests in several different hedge funds to spread the risks. Funds of hedge funds select hedge fund managers and construct portfolios based upon those selections. Adds Experienced Manager to Lead Its Early Advantage Fund SEATTLE -- Silver Creek Capital Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading manager of funds of hedge funds with approximately $6.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , today announced that Steven H. Bloom, founder and Managing Partner of Sagamore Hill Capital Management LP, has joined the firm as Senior Managing Director. In this role, Mr. Bloom will oversee Silver Creek's Early Advantage Fund, a multi-manager fund that invests in emerging hedge fund managers, and will assist with all aspects of the firm's investment process. Based in Silver Creek's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office, Mr. Bloom will also be a senior member of the firm's investment committee. "We are very excited to bring someone of Steve's caliber on to our investment team," said Eric E. Dillon, co-Founder and Managing Member of Silver Creek. "We look forward to leveraging Steve's deep industry knowledge and broad experience to identify uniquely promising emerging hedge fund managers." Timothy P. Flaherty, co-Founder and Managing Member of Silver Creek, said, "Steve is a proven leader with the skills and energy to help Silver Creek continue to excel. We warmly welcome him aboard." Mr. Bloom has extensive experience in hedge fund management. He was the founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sagamore Hill Capital Management LP, previously a multi-billion dollar multi-strategy global hedge fund, where he was the head portfolio manager, responsible for overall fund management and the development of numerous fundamental and arbitrage investment strategies. Prior to founding Sagamore sag·a·more n. A subordinate chief among the Algonquians of North America. [Eastern Abenaki s  , Mr. Bloom was a co-founder and Managing
Director of Susquehanna Partners, an international proprietary trading Proprietary TradingWhen a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. firm. Silver Creek is a fund of hedge funds management firm with offices in Seattle and New York, whose team has been managing funds since 1994. Silver Creek manages a variety of multi-manager investment products designed to deliver superior, risk-adjusted, absolute returns. |
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