COMPANY RELEASE – June 1, 2008
Peter F. Karpen Named Managing Director and Head of Hedge Fund Strategies at Samoset Asset Management Company
DARIEN, CT - Samoset Asset Management Company LLC announced today that Peter F. Karpen has joined the firm as Managing Director and Head of Hedge Fund Strategies. In this role, Peter is responsible for all aspects of Samoset’s hedge fund investment process and products for its individual, family, endowment, and foundation clients and its institutional partners.
Peter has spent over 27 years working in the financial services industry, and since 1997 has been the Managing Member of Diversified Capital Investment Fund, L.P., a fund of hedge funds designed to provide high net worth investors with non-correlated absolute returns in all market environments. Most recently, Peter was also the Director of Business Development at Martello Investment Management L.P., a specialized investment advisory and fund of hedge funds firm, where he was responsible for all aspects of sales and marketing, including strategy, implementation, budgeting and metrics, to the firm’s endowment, insurance company, consulting, family office and bank clients. From 1981 to 1995, Peter was a Director at Credit Suisse First Boston (CSFB) where he was responsible for, at various times, trading, structuring, and marketing risk management products to institutional clients in the United States, Europe and Asia. Peter’s product experience covered global fixed income, equity, currency and commodities markets. Subsequent to his retirement from CSFB in 1995, Peter held senior marketing, sales and investor relations positions with John W. Henry & Co., Inc., a global investment management firm, where he was a member of the operating and investment policy committees and Archetype Risk Advisors, Inc., a multi-strategy, alternative investment management company.
“Peter joins us as a key member of our investment team. His experience in alternative investments, and particularly hedge funds, adds a critical component to Samoset’s platform,“ commented Bill Battey, Samoset’s Chairman and Chief Executive Officer of Samoset Asset Management Company and Samoset Capital Group.
Peter has served as a Chairman of the Futures Industry Association and a Public Director and Audit Committee Chair of the New York Board of Trade. He has also served on the Financial Products Advisory Committee of the Commodity Futures Trading Commission and the Blue Ribbon Panel of the Board of Trade Clearing Corporation (Chicago Board of Trade) Strategic Technology Review.
Peter graduated from Boston University and has an MBA from Boston College.
About Samoset Asset Management Company and Samoset Capital Group
Samoset Asset Management Company LLC is a private wealth management company providing estate and financial planning and an independent, open-architecture, “manager of managers” platform to HNW individuals and families, endowments and foundations. It provides clients with a full platform of wealth management services, delivers customized investment strategies and utilizes a global array of traditional and alternative asset classes, and is a wholly-owned subsidiary of Samoset Capital Group. Samoset Capital Group is an independent wealth management firm advising high net worth individuals and families, endowments and foundations through partnerships with existing high quality wealth management firms. Since its founding, Samoset Capital Group has attracted an experienced team of management and investment professionals that share the vision of a firm aligned exclusively with its clients and a strong belief in a multi-generational approach to managing family wealth. Samoset Capital Group and Samoset Asset Management Company are based in Darien, Connecticut.
For more information on Samoset Capital Group and Samoset Asset Management Company, please visit www.samosetllc.com.
Contact: Peter Milhaupt, Head of Sales & New Business Development
203-656-4780 / p.milhaupt@samosetllc.com