Atlanta - Michael Bach Launches Long/Short Fund
Atlanta, GA 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...
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Atlanta - Michael Bach Launches Long/Short Fund
Atlanta, GA 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
develop a marketable track record for the fund, which will eventually be utilized to solicit investors. The
fund’s investment strategy will focus predominately on long and short positions in calls and puts option
contracts. Fund manager Michael Bach, Atlanta 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. When asked, Michael Bach, Atlanta said “Unlike a traditional seeding
arrangement where the fund manager may need to spend half of the time on developing non-investment
type functions of the fund, this incubated model will provide us a good foundation in establishing our
track record.” “The risk f
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