Hedge fund managers, owners, and employees – maybe not the receptionists, though – make tons of money compared to other positions inside the financial services industry. While bankers accept promises from debtors to pay back low-interest-rate loans in exchange for relatively small mortgages, cash advance clerks cash checks for nominal fees, and credit union employees collect monthly fees for keeping open bank accounts, hedge fund associates take on infinitely more risky tasks.
By definition, a hedge fund is an investment firm typically made up of just a few partners who collectively use high-risk strategies to take home returns. Hedge funds regularly take on loans worth millions of dollars, if not tens or hundreds of millions of dollars, to reap as much profit as possible. These firms also regularly accept money from private investors and businesses alike.
The hallmark of a hedge fund is highly-sophisticated investing strategies that only experts know how to pull off. Stephen M. Hicks is an expert investor himself with more than 30 years’ worth of experience in nothing but hedge funds under his proverbial belt. For more details visit Bloomberg.
In 1995, after roughly nine years with a small hedge fund in his home in upstate New York, the owner of that high-risk investment firm decided to close his business. Giving the younger Hicks roughly one year’s time to prepare himself for when his then-longtime job would end. Fortunately for Stephen, that boss let him experiment with creating his own hedge fund.
Southridge Capital was officially founded in 1996, just months before Hicks was set to leave his decade-long stint at the very first hedge fund he worked for. The financial services provider is an advisor to corporate entities and manager of all sorts of investments. Southridge Capital offers two central branches of services: structured finance and corporate advising.
Ever since Southridge was created back in 1996, the New York-based firm has accepted and invested some $1.75 billion into roughly 250 companies spread throughout six continents – everywhere on the planet except for the ice-cold continent of Antarctica. I guess Southridge Capital isn’t interested in penguins!
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