|While most small hedge funds have floundered in the wake of the financial crisis, Mangrove Partners, just three years old and with $250 million under management, has flourished. In a Barron’s profile, Nathaniel August, Mangrove Partner’s founder, reveals his secret formula for success: Choose a strategy that works and get results; gain investor confidence by building a strong team and controlling inflows; and utilize best-in-class service providers. |
After creating a buzz with a three-year annualized return of 44 percent off of a long/short strategy, the former Goldman Sachs analyst added heft to Mangrove Partners by hiring more staff, moving uptown to Madison Avenue, and began hobnobbing with the likes of Morgan Stanley and SS&C Fund Services as its service providers. With an enviable track record and all of the pieces in place, Mangrove Partners expects to compete with the big boys for the attention of institutional investors.
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