When New Yorkbased asset manager Ramius announced this April that it was seeding
new long-short equity hedge fund firm Margate Capital
Management with a three-year, $130 million stake in return for
an equity slice, it marked a rare ray of sunshine in a dismal
year for hedge fund start-ups. The Margate Capital deal was all
the more significant given the résumé of the New
York firms founder, managing partner and CIO, Samantha
Greenberg, an alumna of Goldman Sachs Group and hedge fund firm
Paulson & Co.
Precocious as they may have been, few future hedge fund
stars grew up saying they wanted to head their own firms, but
Greenberg, 40, came close. As a child, the Bucks County,
Pennsylvania, native liked to watch television financial news.
While studying for her degree in finance and strategic
management at the Wharton School of the University of
Pennsylvania, Greenberg interned with Goldman Sachs during the
summers. After graduating in 1998 she became an investment
banking analyst with the firms mergers and acquisitions
department, then worked at Francisco Partners, a San
Franciscobased private equity house, as an associate
before earning her MBA at Stanford University.
In 2003, Greenberg joined New Yorkheadquartered hedge
fund firm Chilton Investment Co. as a long-short equity analyst
specializing in media, telecommunications and Internet. Four
years later she returned to Goldman to cover those sectors for
its Special Situations Group. She departed for Paulson in 2009;
having made billions betting against the subprime mortgage
market, the growing New Yorkbased outfit founded by
John Paulson wanted someone with her media expertise.
Greenberg led the firms media and consumer investment
teams and was promoted to partner in 2011.
Deciding that she was ready to go out on her own, she
launched Margate Capital this January. Named for the Jersey
Shore town where she spent many childhood summers at the beach,
the firm runs a long-short equity fund with an emphasis on the
media and consumer sectors. Greenberg puts her investment
acumen to philanthropic use too: At Jewish group UJA-Federation
of New York, shes covice chair of the investment
management division, whose senior chair is fellow Goldman
Special Situations desk alumnus
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