Hedge fund managers AM Investment Partners and BAM Capital have recently announced that the two firms will merge. According to Bloomberg, the founders of both firms, Ross Berman and Hal Mintz of BAM Capital and Mark Friedman and Adam Stern of AM Investment, will become equal partners. Mr. Stern will continue as CEO of the new firm, while the three other founders will serve a co-chief investment officers.
The two managers anticipate that the larger asset base, $600 million combined, will be more appealing to investors, especially after the under-performance of volatility hedge funds so far this year. No money was exchanged in the merger deal.