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Start-up Hedge Funds Now Have A Total Solution to Launch and Attract Capital
VanthedgePoint Delivers for Both Emerging Managers and Investors
NEW YORK, NEW YORK, May 9, 2007 – VanthedgePoint Group, Inc., an integrated financial services firm catering to emerging hedge funds, today announced that Skybridge Capital, LLC has reached agreement to make a seed investment in Steeplechase Capital Advisors, a client of VanthedgePoint Securities LLC.
"VanthedgePoint has been exceptional to work with every step of the way, from advice on choosing service providers to help with capital raising," said Michael Derick, Managing Member of Steeplechase Capital Advisors. "The VanthedgePoint team exhibits a work ethic and commitment to delivering quality service that I'm sure countless other start-up hedge fund managers would welcome."
Michael Derick was most recently co-portfolio manager of the "Primary Strategies" Group of Citadel Investment Group. Prior to that Mr. Derick was an analyst with Basswood Partners, a deep-value long/short hedge fund. He was also an analyst at J.P. Morgan.
"We are excited to be working with VanthedgePoint, a firm that has built a solid reputation for providing best of class service to start-up and emerging hedge fund managers," said Anthony Scaramucci, Managing Partner of Skybridge Capital, LLC. "They not only introduced us to Steeplechase, but also have a growing client roster of fresh, talented hedge fund managers that have mitigated a great deal of their operational risk by using VanthedgePoint's comprehensive platform."
VanthedgePoint launched in the second quarter of 2006 with the goal of leveling the playing field between start-up and emerging hedge funds and their larger multi-billion counterparts. VanthedgePoint delivers a combined brokerage and operations platform that helps clients mitigate their operational risk and reduce their costs thereby making them more marketable to potential investors. By virtue of its unique model VanthedgePoint is able to offer its clients: start-up consulting, pricing economies of scale, operational scalability and risk control, marketing support including introductions to its broad network of qualified investors, trading anonymity and an unparalleled level of service while providing clients with significant account protection.
"We specialize in finding talented managers early in their lifecycle, and identifying potential investor partners that not only can provide them funds to increase their assets under management, but also can supply the capital needed to build a sustainable business," said Alexis Graham, Head of Capital Introduction at VanthedgePoint Securities LLC. "We are eager to work with the Skybridge team to further build Steeplchase's business."
About VanthedgePoint
VanthedgePoint Group, Inc., is an integrated financial services holding company focused on delivering products and services to empower emerging hedge funds. VanthedgePoint Group operates three wholly owned subsidiaries: VanthedgePoint Securities LLC, a registered broker/dealer (Member FINRA/SIPC), VanthedgePoint Futures LLC (Member NFA) and VanthedgePoint Technologies LLC. VanthedgePoint Group is a privately held company with principal offices located in New York, NY. Additional information about the firm is available at www.vanthedgepoint.com.
Media contact:
Geoffrey M. Tudisco
Chief Executive Officer
VanthedgePoint Group, Inc.
(212) 514-8639
info@vanthedgepoint.com
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