Basswood to launch financials fund
January 25, 2011
Suzy Kenly Waite
The firm is predicting a new wave of financial services consolidation.
Basswood Capital Management, a $380 million long/short equity shop in New York, is returning to financial services investing after redeeming outside investor capital in a similar fund in 2006. The firm expects to roll out the Basswood Financial Fund on April 1 with $25 million.
The fund will invest in a range of financial services companies, such as banks and asset management firms. Basswood expects that smaller financial institutions will...
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