Sire Discovery Group finally shows up on the radar
Tue May 3, 2011
With its roots in high-net-worth investing and an average performance of 11% a year, Sire has quietly been taking the industry by storm – and is now emerging as a strong player
By Claire Makin
For nearly two decades Sire Management Corporation has been
quietly investing in long/short equity hedge funds on behalf of
its partners and a small coterie of clients. During this time,
Sire's net performance - 11% a year on average with 8%
volatility - has gone largely unnoticed in the industry. Sire
has no marketer, did not appear on any databases, and is just
now developing a website. "We've always been under the radar,"
says Donna Walker, partner.
|Sire team (clockwise from top left:) Jud Reis,
Mark Eaker, Mark Reis and Donna Walker
Based in New York, Sire runs about $500 million in four
funds plus a tiny short-biased fund, Sire SB that soared more
than 80% over 2007 and 2008. Sire Discovery Group, with $100
million in assets, won the InvestHedge Award for best emerging
manager fund of funds in 2010. The fund has gained an...
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