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Hagin Investment Management News

Hagin Investment Management Now One of the Few Hedge Funds Run by a Woman and a Minority

NEW YORK, March 12 PRNewswire — Hagin Investment Management announces that Nathan Lee, CFA has joined the portfolio and risk management team. With the addition of Lee to the company, the Midtown Manhattan-based fund is now one of the few in the world with a portfolio management team solely comprised of a woman and a minority.

Though hedge funds are relatively new to public consciousness, they have been around since the 1960's and yet they still receive accusations that they have done little to eliminate the proverbial glass ceiling. And the numbers back this up. (C)Reuters recently estimated that of the 9,000 hedge funds worldwide only about 100 are run or owned by women and minorities-since 2003 these managers have outperformed their peers by 3.5% annually net of fees according to the HFRX Diversity Index.

Hagin Investment Management built the firm based on hiring the best talent. "We find that having a diverse management team offers a more nuanced interpretation of the market," said Partner, Patrick Morris, "and are happy to welcome Nathan to the team."

Lee joins Kathleen DeRose, a 25 year veteran of asset management who has managed multi-billion dollar institutional portfolios and mutual funds. Lee brings with him 12 years of financial industry experience including management positions at Tremblant Capital LLC and HSBC. The two are partners in Hagin Investment Management.

Hagin Investment Management, located in midtown Manhattan is a boutique quantitative hedge fund providing asset management to institutional and private clients. The company's mission is to provide high alpha and information ratios in scalable long and long/short portfolios. The initial product set includes: Russell 1000 Long only portfolios, Russell 1000 130/30 portfolios, and market neutral portfolios. The firm was established in November 2006.

For more information on Hagin Investment Management please visit www.haginim.com or e-mail info@haginim.com

Contact Info: Kate White: 917-536-3933 / info@haginim.com David Little: 646-775-9079 / dlittle@haginim.com

SOURCE Hagin Investment Management

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