Key Takeaways
- • Samantha Greenberg's Margate Capital hired Jared Weisfeld as partner and technology sector head, bringing in a portfolio manager who previously managed a $1 billion technology long/short equity portfolio at Balyasny Asset Management and worked as an analyst at SAC Capital.
- • Margate Capital is targeting $400–$500 million in assets under management at launch later in 2016, backed by a $130 million seed investment from Ramius completed earlier in the year.
- • Women lead fewer than 2% of hedge funds industry-wide, positioning Greenberg as one of the industry's rare senior female fund managers following her partner role at Paulson & Co., where she oversaw media, cable, satellite, and consumer sector investments.
- • Ramius' backing of Margate Capital represents a broader institutional push to support female-led funds, consistent with the firm's earlier investment in Nancy Davis' Quadratic Capital, a macro fund that achieved significant gains following the Brexit vote.
Summary
Samantha Greenberg's newly launched hedge fund, Margate Capital, has secured a high-profile hire in Jared Weisfeld, who joined as partner and technology sector head earlier this month. Weisfeld brings substantial sector expertise, having served as an associate portfolio manager at Balyasny Asset Management where he managed a $1 billion technology-focused long/short equity portfolio. His prior experience includes an analyst position at Steve Cohen's SAC Capital, providing him with established credentials in equity research and portfolio construction.
The fund is positioning itself as a stock-focused investment vehicle targeting $400–$500 million in assets under management at its 2016 launch. Margate Capital received a $130 million seed investment from Ramius earlier this year, providing substantial capital to support the fund's development and initial operations. This backing reflects Ramius' broader strategy of investing in emerging managers, particularly female-led funds, as evidenced by the firm's concurrent support of Nancy Davis' Quadratic Capital, whose macro fund generated significant returns following the Brexit referendum.
Greenberg represents a rare category within the hedge fund industry: a senior female fund manager. Estimates indicate that women lead fewer than 2% of hedge funds globally, underscoring the relative scarcity of female-led vehicles at scale. Before launching Margate Capital, Greenberg held a partner position at Paulson & Co., where she headed the investment group responsible for media, cable, satellite, and consumer sector allocations. Her move to establish an independent firm with a technology focus reflects a deliberate sector pivot and positions her within an emerging cohort of senior women launching dedicated vehicles in 2016, alongside other notable fund launches by Ravi Chopra and Ben Melkman.
The fund is positioning itself as a stock-focused investment vehicle targeting $400–$500 million in assets under management at its 2016 launch. Margate Capital received a $130 million seed investment from Ramius earlier this year, providing substantial capital to support the fund's development and initial operations. This backing reflects Ramius' broader strategy of investing in emerging managers, particularly female-led funds, as evidenced by the firm's concurrent support of Nancy Davis' Quadratic Capital, whose macro fund generated significant returns following the Brexit referendum.
Greenberg represents a rare category within the hedge fund industry: a senior female fund manager. Estimates indicate that women lead fewer than 2% of hedge funds globally, underscoring the relative scarcity of female-led vehicles at scale. Before launching Margate Capital, Greenberg held a partner position at Paulson & Co., where she headed the investment group responsible for media, cable, satellite, and consumer sector allocations. Her move to establish an independent firm with a technology focus reflects a deliberate sector pivot and positions her within an emerging cohort of senior women launching dedicated vehicles in 2016, alongside other notable fund launches by Ravi Chopra and Ben Melkman.
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