BAM Capital founder Ross Berman prepares new firm
By Lawrence Delevingne
Tue Oct 9, 2012
Equity options focused Green Owl Capital will launch November 1 with backing from two seeders.
Ross Berman is back.
The volatility arbitrage shop he co-founded in 2002, BAM
Capital*, once managed a peak of about $1.2 billion in late
2008 after a string of positive returns. But investor
redemptions and lower volatility hurt the fund following the
financial crisis and it began liquidating in late 2010, closing
in April 2011. Berman then briefly left portfolio management to
be interim chief executive officer at prime broker Saxon
Now Berman is in the final stages of readying hedge fund firm
Green Owl Capital Management for launch November 1. The New
York-based shop plans to begin trading with about $50 million,
according to people familiar with the plans. That amount
includes allocations from two seeding platforms: Context
Capital Partners in Bala Cynwyd, Penn. and Metropolitan Equity
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