Bill Reeves is a Yale University graduate and Hawaii resident with more than 20 years of experience in the financial sector. The cofounder of Blue Crest Capital Management, Bill Reeves sold his company holdings in 2010 and now supports charitable causes, notably those that benefit Hawaii’s education system. He provided startup finances for Punahou School’s Clarence T. C. Ching PUEO (Partnerships in Unlimited Educational Opportunities) program.
PUEO assists middle and high school students in reaching their high academic potential through group mentoring, summer school classes, and year-round educational activities.
The program’s six-week summer courses address student-specific needs and areas of weakness and conclude with a student-led oral presentation to peers and teachers. Students also visit four postsecondary campuses on the island and speak to counselors to better prepare for college life.
PUEO-led academic events throughout the year include an annual spring luau, environmental stewardship field trips, poetry workshops, and the Lacy Veach Day of Discovery, which includes science- and engineering-based activities.
The co-founder of BlueCrest Capital Management, Bill Reeves of Hawaii has led a successful career in finance for nearly two decades. He currently serves as a partner in BlueMountain Capital Management, a firm that he helped form. In his free time, Bill Reeves of Hawaii enjoys Alpine skiing.
Alpine skiing began with the invention of the first toe-and-heel binding in 1850. This new binding created a sturdier ski that allowed skiers to traverse steeper hills at a faster speed. In doing so, skiing started to be split into two different types: Alpine and Nordic. Alpine skiing referred to the Alps in Europe and focused on racing down steep mountains. Meanwhile, Nordic skiing started in Scandinavia and focused more on flat land skiing.
Wealthy individuals from Britain were some of the first alpine skiers. They would travel to the Alps in summer and enjoyed skiing around the area’s various villages and valleys. Eventually, they created the downhill race to see who was the fastest skier. The race included jumps and turns, but it was void of obstacles. Instead, these obstacles were used in another type of race, the slalom. Skiers were introduced to the first downhill ski race in 1911.
As time went on, Alpine skiing grew in popularity. Luxury resorts in Switzerland, France, and Austria started accommodating Alpine skiers in the 1920s, but the first Winter Olympics in 1924 did not include any Alpine skiing events. Instead, it included only Nordic events. It was not until 1936 that Alpine skiing debuted at the Olympic Games in Germany. Over time, Alpine skiing gained more events at the Olympics, and skiers now compete in four Alpine events.
A partner at BlueMountain Capital Management, Bill Reeves of Hawaii has spent nearly two decades as an executive in the finance industry. Bill Reeves of Hawaii served as the head of macro strategy and trading at JP Morgan and co-founded BlueCrest Capital Management, a New York-based hedge fund that grew into the third-biggest hedge fund firm in Europe.
As investors look for the right hedge fund, they need to consider the minimum investment that each hedge fund needs. Most hedge funds are designed for high-net-worth individuals or institutions, so the minimum investment is usually quite high. If an investor cannot afford a minimum investment, they may be better suited for a different hedge fund. Further, investors must look at the overall goal of a hedge fund. Even if the fund is affordable, it may not share the same goals as the investors. Hedge funds’ primary goal is to make money; however, some have a more aggressive growth strategy that involves higher risk while others work to keep investors’ money safe through low-risk investments.
Once an investor finds a hedge fund that meshes with their goals and financial situation, they can start looking more into the fund’s management and performance. When evaluating a fund’s performance, investors should look at its recent returns and past return history. Investors should be cautious of funds with good returns in recent years and a history of sub-par returns. It is possible that a better strategy was adopted in recent years or, alternately, it may also be possible that a fund has just gotten lucky. Assessing the manager is often a simple way of determining a fund’s true path to success. Hedge fund managers should be qualified to handle their investors’ money and have a solid background in investments.
Third Way Capital Markets Initiative
Bill Reeves is a Hawaii-based businessman and one of the founders of Blue Crest Capital Management, a hedge fund with offices in London, New York, Boston, Geneva, Connecticut, and Singapore. An active philanthropist, Bill Reeves is involved in various groups and organizations based in Hawaii and other states. He currently serves as a board member at Third Way.
Established in 2005, Third Way is a public-policy think tank based in Washington D.C. The organization is focused on three main activities: policy idea development, public opinion research, and issue briefings. The core mission of Third Way is to encourage the governing of the United States of America from the center, and it focuses on impacting key issues such as deficit reduction, education reform, and clean energy.
For its involvement in clean energy, Third Way has facilitated new policy discussions surrounding advanced nuclear technology. The organization believes that the country is in need of energy sources that do not contribute to climate change. This belief spurred policy discussions that addressed the role of the government in encouraging the private sector to further innovate nuclear reactors. The policy discussion has engaged the White House, the Department of Energy, and Congress and has culminated in the introduction of bipartisan legislation providing the government access that new companies need to commercialize their nuclear reactors.
Stand Up Paddling
Before co-founding Blue Crest Capital Management in 2000, Bill Reeves served as the head of macro strategy and trading at JP Morgan & Chase in New York City. As a resident of Hawaii, Bill Reeves engages in several sports that are closely connected to Hawaii including stand up paddling (SUP).
SUP is a variation of the popular sport surfing, and involves participants using a paddle to propel themselves across the water while standing on a board. In recent years, SUP has grown in popularity with nearly three million Americans participating in 2014.
The origins of SUP can be traced back to many ancient civilizations in Africa and South America, where long sticks or paddles have been used to propel boards, canoes, and other forms of watercraft. However, the modern SUP tradition has its roots in Polynesia and was first observed by Captain James Cook. In 1778, Cook found Hawaiian natives using paddles to propel specially carved ritual boards made from the Koa tree. SUP was a strictly Hawaiian activity until 2004 when Rick Thomas brought the sport to California. Stand up paddling immediately caught on and quickly spread throughout the globe. SUP’s sudden surge in popularity was seen as a much-needed addition to the sport of surfing.
Children’s Investment Fund Foundation
Hawaii-resident Bill Reeves is the co-founder of New York-based hedge fund Blue Crest Capital Management, where he served until 2014. During his time with the company, Blue Crest became the third-largest firm of its kind in Europe with over £30 billion in assets under management. Apart from his business pursuits, Bill Reeves is also an active supporter of various non-profit organizations in and outside of Hawaii. As part of these activities, he previously served as a board member at Children’s Investment Fund Foundation (CIFF).
Headquartered in London, CIFF is a philanthropic organization that works with a number of partners in order to transform the lives of people who are poor and vulnerable in developing nations such as India and Kenya. It has several priorities, one of which is deworming.
Around the world, over 800 million children are at risk of being infected by parasitic worms. Children who are infected with these parasites silently suffer, resulting in compromised health, nutritional deficiencies, and reduced cognitive abilities. Fortunately, there is a simple solution to this problem. A single deworming pill has been shown to significantly reduce the number of worms in the body.
With the goal of completely eradicating worm infections, CIFF works with several partners to provide support to evidence-based and sustainable deworming programs for children. Moreover, CIFF also funds operational and scientific research that tests the possibility of breaking the transmission of worms from child to child through mass drug administrations.
Third Way Capital Markets Initiative
Bill Reeves is an active member of the Hawaii community who focuses on educational programs in the islands and serves on the Kamehameha School’s Investment Advisory Committee. Bill Reeves also has board responsibilities with the East West Center in Honolulu, Hawaii, and with the Third Way Capital Markets Initiative.
With a focus on sensible policies that span partisan political affiliations, the Third Way Capital Markets Initiative conducts in-depth research on everything from economics to health care. A recent article released by Third Way focused on a study that found that new U.S. businesses need improved access to capital to expand.
There are two primary business types, transformational and traditional, with the latter focused on well-defined strategic models in traditional sectors such as hospitality. While a majority fail, transformational companies are those that seek to innovate and disrupt their given sectors, often in ways that also improve people’s lives. Examples of such companies started during the past decade range from Dropbox to Solar City.
Unfortunately, the ranks of these types of businesses have thinned over the past few years. This has to do with a drying up of traditional consumer lending resources that the youngest startups rely on to gain a track record and attract further investment.
Unable to access the desired private capital markets, they must often rely solely on the equity of partners and family members, as well elusive angel investors. For a majority of the startups surveyed, these funds are not enough, and potentially game-changing products, services, and technologies get left in the pipeline.