Hedge Funds

EGM team in Jackson buyout deal


EGM Capital, the San Francisco-based firm, recently finalized a deal to buy out the firm's founder Michael Jackson, a former Hambrecht & Quist executive.

The firm was started in 1986. It runs $300 million in two long/short equity funds and two long-only funds. EGM employs 10 professionals.

The buyout was led by EGM Capital senior managing directors and portfolio managers Michael Mahoney and James Bitzer, and Bill Grayson, president.

The exact terms of the deal remain undisclosed, but include money upfront, some financing and an earn-out over a period of time. As part of the buyout, the firm's fund