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About Jeff Ervine
An investment professional with over two decades of experience in finance, Jeff Ervine currently serves as the COO and CFO of SES Partners Management, LLC. Prior to joining SES in 2009, Jeff Ervine was the Chief Financial Officer for Blue Select, LLC’s Fund of Funds, where he oversaw a staff of 2 as well as $100 million in Fund of Funds assets. In this role, Jeff Ervine performed due diligence on managers and oversaw all aspects of the monthly fund management, including third-party marketing agreements, marketing materials, and risk reports.
From 2006 to 2008, Jeff Ervine served as Managing Partner and Chief Investment Officer of Salon Asset Management, a multi-strategy hedge fund. At Salon, Jeff Ervine allocated more than $20 million of assets, investing in strategies such as ABL, options, volatility-neutral long/short equities, and private equities. Interested in Chinese business, Jeff Ervine established strong relationships in China and Hong Kong, allowing him to invest in Chinese IPOs and navigate the Chinese financial markets with ease. Through Salon, Jeff Ervine also co-founded a new black-box, volatility-neutral algorithmic trading platform.
Prior to joining Salon and Blue Select, Jeff Ervine served as the Chief Operating Officer of Exis Capital Management, a multi-strategy hedge fund with vehicles totaling, at their peak, $1.25 billion in AUM. Collaborating with two other managers, Jeff Ervine was able to convert a $95 million long/short equity fund into a $1 billion-plus hedge fund in a period of only 18 months. Moreover, Jeff Ervine negotiated all of Exis’ prime brokerage agreements and headed up the firm’s investor relations, communications, and marketing initiatives. Jeff Ervine also oversaw the build-out of a 200-person trading floor and a 30,000-square-foot office.
A graduate of Pennsylvania State University, where he earned a B.S. in Accounting, and Columbia Business School, where he received an M.B.A. with a concentration in finance, Jeff Ervine resides in New York City with his wife and two children. Outside of the office, Jeff Ervine enjoys pursuing numerous sports, including skiing and running as well as playing tennis and golf. Jeff Ervine is an avid collector of Early American art.
Jeff Ervine's Publications
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Ernest Hemingway
November, 2010
by Jeff Ervine
As someone who enjoys outdoor activities such as tennis, golf, skiing, and running, I count Ernest Hemingway among my favorite authors. Whether writing about bullfighting, fishing, or big game hunting, Hemingway always portrayed the outdoors with a starkly poetic quality. Despite a sense of distaste many of us feel for these activities today, Hemingway never took them lightly; rather, there was always a sense of deep respect for those who put themselves in danger, and even the animals who were killed. I think that Hemingway’s last major fictional work, The Old Man and the Sea exemplifies these qualities. We feel a great respect throughout the book for both the aging Cuban fisherman, Santiago, and for the giant marlin he pursues. At the beginning of the book, Hemingway describes Santiago as old and unlucky, having gone 84 days since his last catch. When Santiago sets off again, he quickly finds an enormous fish on the end of his line. Unable to pull the marlin in by himself, the old man finds himself dragged out to sea. What follows is an epic battle of wills between man and fish, ending three days later with the gradual weakening and death of the marlin. As Santiago begins the long haul in, however, sharks circle the marlin, devouring it fully until only the skeleton remains. Hemingway’s book shows the intense kinship that a man can sometimes feel for his adversaries as both fight to retain a hold on life. Of all of Hemingway’s novels, The Old Man and the Sea is perhaps the simplest, but it is also one of the most profound. When engaged in an athletic competition, whether in tennis or long distance running, I always feel the same respect for my fellow participants that I imagine Santiago must have felt for the marlin he struggled with for so many days.
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Jeff Ervine: Hedge Fund Basics
September, 2011
As a finance professional, Jeff Ervine has enjoyed a long and successful career, and he currently serves as Chief Operating Officer and Chief Financial Officer for SES Partners Management, LLC. Previously, Mr. Ervine worked in executive and supervisory positions for multiple investment firms, including Salon Asset Management, Asset Alliance Corporation, and Exis Capital Management, Inc. Several of these companies offer hedge funds, a specific type of investment involving pooled, managed securities. In many cases, the hedge funds are private investment partnerships in which managers deploy multiple strategies to maximize returns.
Some of the methods utilized in hedge fund management to improve a return on investment include short selling, leveraging, and derivatives trading. Many of these strategies involve significant risk, but when used correctly also generate substantial returns. Thus, investors seek hedge funds managed by expert traders with solid records of generating returns and a significant level of understanding about financial markets.
Because hedge funds involve privately pooled and managed money, most remain unregulated by the Securities and Exchange Commission. The funds do not trade on exchanges, either; however, many investors utilize hedge funds because of the high rate of return.
If you are seeking a hedge fund, performing due diligence before investing remains essential. Investigate the record and experience of the fund managers, as well as the fund itself. Ask about fee structure and check to see how liquid your investment will be. Seek references. By taking these simple but vital steps, you can minimize your personal risk.
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Jeff Ervine and the Columbia Business School
, Jeff Ervine's Blog on Bigsight
April, 2012
A seasoned financial professional with over 20 years of experience in his field, Jeff Ervine currently serves in dual roles at SES Partners Management, LLC, acting as the Chief Operating Officer and Chief Financial Officer. In these capacities, Jeff Ervine focuses his energy on the review and evaluation of trader portfolios, assessing the level of risk associated with each portfolio manager’s position. Also charged with overseeing marketing and client relations, Jeff Ervine sets himself apart as an asset to the skilled team at SES Partners Management, LLC, highly committed to maintaining the firm’s reputation as a leader in the investment industry. Prior to joining SES Partners Management, LLC, Jeff Ervine applied himself as Chief Financial Officer of Blue Select, LLC, also functioning in high-level positions at Salon Management/Ardennes Management, Exis Capital Management, Carlin Equities, Asset Alliance, and Bear Stearns Investment Banking, to name a few of Mr. Ervine’s former employers.
Before embarking on a career in finance, Jeff Ervine matriculated at Columbia Business School, earning his M.B.A. in Finance in 1997. Founded in 1916, Columbia Business School is widely recognized as of the preeminent graduate level business programs in the United States, also acknowledged as a leading institution of higher learning on a global scale. Offering Executive M.B.A. and Ph.D. degrees in addition to a traditional M.B.A., Columbia Business School holds accreditation from the International Association for Management Education.
With 150 full-time faculty members, Columbia Business School dedicates a great deal of its resources to ensuring that students receive a well-rounded business education, fostering an interactive environment that encourages entrepreneurship and innovative thinking. Some of the world’s most respected scholars hold professorships at Columbia Business school, including the 2001 Nobel Laureate in Economics, Joseph Stiglitz; Gita Johar, the Vice Dean for Research and a Meyer Feldberg Professor of Business; and Bruce Greenwald, the Director of the Heilbrunn Center for Graham and Dodd Investing. Consistently garnering accolades for its challenging curriculum and pioneering approach to education, Columbia Business School continues to produce knowledgeable graduates, such as Jeff Ervine, who move on to achieve great professional success.
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