Michael Karsch is hoping to apply the lessons of juice to hedge funds.
The prominent investor closed his stock-focused Karsch Capital Management in 2013 after 13 years and peak assets of $3.4 billion. He then invested and helped build Juice Press, a New York-area chain of juice bars that sells ultra-healthy vegan beverages. The business, founded by former professional Thai boxer Marcus Antebi, has grown to more than two dozen locations and a valuation of $100 million, up from about $15 million when he first invested.
The experience of building a positive culture there inspired Karsch to get back into the hedge-fund game, and the 46-year-old plans to launch a new firm later this year.
"I had a chance to, on a clean basis, start again, and I found myself doing a better job understanding how to motivate other people," Karsch said in an interview Friday. "If I can apply the principals of how Juice Press was built, from a cultural standpoint, and get back to being more hands on ... I know I'd love more than anything to build in the industry I know best, a money management firm."