Michael Bach Atlanta
57 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta-Minority Manager Readies Options Strategy Fund

Minority Manager Readies Options Strategy Fund Atlanta, GA Nov, 17, 2009 Scirage Capital Partners is preparing to launch its flagship options strategy fund. The new fund, which is still unnamed, will...
michaelbachatlanta's insight:

Minority Manager Readies Options Strategy Fund

 

Atlanta, GA Nov, 17, 2009 Scirage Capital Partners is preparing to launch its flagship options strategy fund. The new fund, which is still unnamed, will have a minimum investment of $250,000 and no lockup period, “because of the pioneering of sorts as a minority hedge fund,” says Michael Bach, the fund manager and founder.

Michael Bach Atlanta, who began his finance career nearly sixteen years ago as the CEO of a

small-cap private equity firm, founded Scirage just ahead of the nations financial crisis, noticing that there were virtually no African American asset managers at all. “I’ve always know that there were limited numbers of African American’s in the finance industry,” says Bach.

The Fund’s investment focus will be on short term investment contracts, investing in mostly in put and call options, which Bach describes as “an any-market strategy.” The firm expects to begin accepting outside capital at the beginning of December, and thus far has capital commitments for $15 million, mostly from a single investor. Scirage currently employs 9 people, most of which have finance industry backgrounds. Bach says Scirage will in the future target high-net-worth individuals and institutional investors as clients, but for now will concentrate on further developing its investment strategy.

The biggest hurtle Michael Bach Atlanta believes his firm will have to overcome is making investors feel comfortable with the idea of investing large sums of capital in alternatives and in minority firms. “One thing that causes investors to hesitate is when they hear the words ‘alternative investment’ they think ‘risk,’” he says. “Our goal is to expand our capital base to our current capacity of $100 million by the first quarter of 2011, but in order to do that, we will have to lessen risk and help investors overcome their fears, and we do that with a successful track record.”

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta

Michael Bach Atlanta | Michael Bach Atlanta | Scoop.it
View all of Michaelbachatlanta’s Presentations.
michaelbachatlanta's insight:

Scirage Capital Partners is preparing to launch its flagship options strategy fund. The new fund, which is still unnamed, will have a minimum investment of $250,000 and no lockup period, "because of the pioneering of sorts as a minority hedge fund," says Michael Bach Atlanta, the fund manager and founder.

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta

Michael bach lived in Atlanta, Georgia. According to Michael Bach , he is working alongside two other professionals in the establishment and launch of the fu...
more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta - YouTube

Michael bach lived in Atlanta, Georgia. According to Michael Bach , he is working alongside two other professionals in the establishment and launch of the fu...
michaelbachatlanta's insight:

#Michaelbachatlanta

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta

Michael Bach Atlanta | Michael Bach Atlanta | Scoop.it
Mr. Michael Bach, Atlanta is the Chief Executive Officer of Drezden Capital Advisors.  He was a 16 year veteran in the finance industry whereby Michael Bach, Atlanta was previously the ...
more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta

Michael Bach Atlanta | Michael Bach Atlanta | Scoop.it
Michael Bach Atlanta
michaelbachatlanta's insight:

Fund manager Michael Bach has established Scirage Capital in Atlanta, Georgia. The firm will launch its incubated fund during the second quarter, with an estimated $10 million in initial assets, seeded primary by Bach.

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta

Michael bach lived in Atlanta, Georgia. According to Michael Bach , he is working alongside two other professionals in the establishment and launch of the fund, both of which are former private equity veterans.
michaelbachatlanta's insight:

Fund manager Michael Bach has established Scirage Capital in Atlanta, Georgia. The firm will launch its incubated fund during the second quarter, with an estimated $10 million in initial assets, seeded primary by Bach.

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta

michaelbachatlanta's insight:

Fund manager Michael Bach has established Scirage Capital in Atlanta, Georgia. The firm will launch its incubated fund during the second quarter, with an estimated $10 million in initial assets, seeded primary by Bach.

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach

michaelbachatlanta's insight:

According to Michael Bach, he is working alongside two other professionals in the establishment and launch of the fund, both of which are former private equity veterans. Bach plans to hire several traders and research analysts for the new fund during the 2009 fiscal year.

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michaelbachatlanta

Michaelbachatlanta | Michael Bach Atlanta | Scoop.it
View all of Michaelbachatlanta’s Presentations.
michaelbachatlanta's insight:

Scirage Capital Partners is preparing to launch its flagship options strategy fund. The new fund, which is still unnamed, will have a minimum investment of $250,000 and no lockup period, "because of the pioneering of sorts as a minority hedge fund," says Michael Bach Atlanta, the fund manager and founder.

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta

Michael bach lived in Atlanta, Georgia. According to Michael Bach , he is working alongside two other professionals in the establishment and launch of the fund, both of which are former private equity veterans.
more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta

Michael bach lived in Atlanta, Georgia. According to Michael Bach , he is working alongside two other professionals in the establishment and launch of the fund, both of which are former private equity veterans.
michaelbachatlanta's insight:
Michael Bach Atlanta
more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta

Michael Bach Atlanta | Michael Bach Atlanta | Scoop.it
March 10, 2009 - A former private equity veteran plans to launch an incubated long/short equity hedge fund. An incubated hedge fund offers a prospective hedge fund manager the opportunity to develo...
more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael  Bach Atlanta

The fund’s investment strategy will focus predominately on long and short positions in calls and puts option contracts. Fund manager Michael Bach has established Scirage Capital in Atlanta, Georgia.
more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

SlingFile.com - Upload Completed

michaelbachatlanta's insight:

A former private equity veteran plans to launch an incubated long/short equity hedge fund. An incubated hedge fund offers a prospective hedge fund manager the opportunity to develop a marketable track record for the fund, which will eventually be utilized to solicit investors.

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach Atlanta

Michael Bach Atlanta | Michael Bach Atlanta | Scoop.it
March 10, 2009 - A former private equity veteran plans to launch an incubated long/short equity hedge fund. An incubated hedge fund offers a prospective hedge fund manager the opportunity to develo...
michaelbachatlanta's insight:

Michael bach lived in Atlanta, Georgia. According to Michael Bach , he is working alongside two other professionals in the establishment and launch of the fund, both of which are former private equity veterans.

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Spring.me

Spring.me | Michael Bach Atlanta | Scoop.it
Meet People. Express yourself. Expand your life... on www.Spring.me
michaelbachatlanta's insight:

#Michaelbach lived in Atlanta, Georgia. According to Michael Bach , he is working alongside two other professionals in the establishment and launch of the fund, both of which are former private equity veterans.

more...
No comment yet.
Scooped by michaelbachatlanta
Scoop.it!

Michael Bach

michaelbachatlanta's insight:
According to Michael Bach, he is working alongside two other professionals in the establishment and launch of the fund, both of which are former private equity veterans. Bach plans to hire several traders and research analysts for the new fund during the 2009 fiscal year.
more...
No comment yet.