Ari Glass is the founding partner and managing member of Boothbay Fund Management (Boothbay). Boothbay was founded in 2011 to manage capital both for a wealthy family and Mr. Glass’ proprietary capital. It allocates capital to non- correlated portfolio managers, via managed account.
In July 2013, Glass and Boothbay Management took over investment management of Ignition Opportunity Fund, LP, a joint venture between Boothbay and Freestone Capital Management. This fund is a “First Loss” managed account platform. Glass is primarily responsible for manager sourcing, diligence and selection as well as manager/prime brokerage relationships. Both platforms allocate significantly to the emerging manager space and are often seen as an alternative to seeding opportunities for emerging managers.
Previously, Glass served as president of Paine Heights Management LLC, initially a part of Platinum Management (NY) LLC. While at Paine Heights, he oversaw many of the company’s interests, including the management of a special opportunity hedge fund that invested in the SPAC marketplace and, through a subsidiary, advised on a transaction in the New Jersey Solar Energy sector. From 2007 through 2009, Glass was the president of (“Platinum”), where in addition to overseeing all non-investing activities; he shared responsibilities for asset allocation and risk management, including the selection of portfolio managers for Platinum’s Multi-Manager private investment funds.
Prior to joining Platinum, from 2000-2007, Glass served as the chief operating officer of Intrepid Capital Management, a $2.5 billion hedge fund organization, seeded by Soros Fund Management and spun out of Tiger Management. At Intrepid, he oversaw all non-portfolio related activities. In 2004, Glass launched Intrepid Associates, an affiliated entity that added fund managers to Intrepid’ s platform, including sector funds in the healthcare and global utilities spaces.
From April 1998 until August 2000, he worked as chief financial officer at Vector Capital Management, a statistical arbitrage hedge fund in Norwalk, CT.
Glass graduated from Queens College, with honors, with a BA in accounting and information systems.