Norfolk Markets | Hedge Fund Tracker Notes

Norfolk Markets

Norfolk Markets | Hedge Fund Notes

Below please find the Hedge Fund Tracker Tool for Norfolk Markets.

Resource #1: Brett Hellerman, co-founder of Clinton Group, discusses the emerging manager seeding fund he has launched with MassMutual Insurance.

Hellerman was a co-founder of Clinton Group in 1991 and left the firm in 1997 to found Norfolk Management Group. Norfolk Management Group is also the sole owner of Norfolk Markets, a broker/dealer that has been active in the marketing of alternative investments to the institutional community for the past 8 years.

Hellerman is the CEO of Norfolk Management Group, LLC and is also the CEO of the new joint venture, Wood Creek Capital Management. source

Resource #2: Norfolk Markets, LLC provides brokerage services that focuses on alternative investments including hedge funds and structured products linked to hedge funds. The firm provides funds placement and advisory services for structured products and collateralized bond and fund obligations. Norfolk Markets was founded 1997 and is based in Norfolk, Connecticut. It has offices in New York, Tokyo, and Paris. source

Resource #3: Babson Capital Management LLC (“Babson Capital”), an
investment management firm based in Boston and Springfield, Mass., and Norfolk
Management Group, LLC (“Norfolk”), an investment holding company based in Norfolk,
Conn. specializing in alternative investments, announced today that they have created a joint venture and seeded a fund intended to incubate emerging hedge funds in non-traditional asset classes. The efforts continue the firms’ commitment to explore ways to generate potentially outstanding absolute returns.

Wood Creek Capital Management, LLC, the investment manager created through the
joint venture, has just closed its first fund, Wood Creek Venture Fund, LLC (“the Fund”).

Norfolk and Babson Capital’s parent, the Massachusetts Mutual Life Insurance Company
(“MassMutual”), are both investors in the Fund. Wood Creek Venture Fund will identify and develop the next generation of alternative investment managers who are focused on proven but still-emerging niche strategies such as intellectual property rights, environmental credits and trade finance obligations. source

Resource #5: Norfolk Markets LLC announced that it has hired a new managing director for its New York office, Michael Murphy, a former senior analyst at HSBC Republic Bank.Norfolk Markets, which was founded by Brett D. Hellerman in 1997, is a broker- dealer that specializes in alternative investments, including hedge funds and structured products linked to hedge funds, such as collateralized bond obligations. Mr. Murphy will head the manager research and origination effort and will act as the overall product manager for the firm. Norfolk Markets ...source

Resource #6: Tony Stocks, very well-known in the hedge fund business from his years building Citco into the industry's biggest administrator, is teaming up with Norfolk Markets Europe in London, the UK part of the global marketing, research and client services group.

Under the new arrangement, Stocks' Tennyson Capital Partners company is to be merged next month with Norfolk's London operation, which is headed by Tom Herman and John Mitchell. Over the past year, Norfolk has been building up its European capabilities under Herman, who was previously at Blackstone and Weiss Peck & Greer, nd Mitchell, who has a number of years of industry experience with Paloma Partners and most recently at Deutsche Bank. source

Resource #7: New Haven, Conn.-based Wood Creek Capital Management, a multi-manager shop that seeds niche strategies, is looking to ramp up its platform this year with the addition of four to six managers.

The firm currently manages the $75 million Wood Creek Venture Fund, which launched in 2005 and has seeded four managers to date. The fund has exposure to the music, trade finance origination and investment, and specialty pharmaceutical brand management sectors.

Going forward, CEO Brett Hellerman said the fund is looking to invest in weather-related strategies, because "weather is an inefficient marketplace, uncorrelated with other alternative strategies, and it's a growing market." source

Resource #8: Norfolk Markets, LLC today announced that Michael Murphy, CFA has joined the firm as a Managing Director. Murphy will head Norfolk's expanded manager research and origination effort and will act as overall product

Most recently, Murphy was a senior analyst at HSBC Republic Bank in New York responsible for manager selection for HSBC's multi-manager products.
"Mike is a great addition to our team," said Brett D. Hellerman, CEO of Norfolk. "Norfolk continues to grow as a diversified investment bank dealing in alternative investments. Having someone of Mike's caliber to head our origination efforts will help us in our mission to serve the needs of institutional investors." source


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