Hedge Fund - Hayground Cove Capital

Hayground Cove Capital Management is a New-York based investment management firm that was founded by Mr. Jason Ader in 2003 with seed capital from Bear Stearns. Mr. Ader currently serves as the CEO and portfolio manager of Hayground Cove Institutional Partners. He started his career as an analyst at Baron Capital, focusing on the casino industry. He then moved on to Smith Barney doing the same thing. After Smith Barney Ader spent 8 years at Bear Stearns and covering gaming, lodging and leisure industries. Mr. Ader has a B.A.degree in Economics from New York University and has an M.B.A. in Finance from Stern School of Business at NYU.

Jason Ader stepped down in 2007 and Mark Soloway and Evan Wax took over. Unfortunately, investors didn’t like this. The fund suffered from redemptions and investment loses. They lost 25% in 2008, gained 30% in 2009, and lost 10% in 2010. Ader took over the fund again at the beginning of this year and returned around 12% during the first 2 months of 2011.