Bridgehampton Capital Management LLC Announces Launch of its First Mutual Fund
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 Services LLC.
Bridgehampton Capital Management LLC
Blake Davis, 631-259-6742