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First Selectman Marpe Welcomes Brightlight Capital To Westport

First Selectman Jim Marpe welcomes Brightlight Capital to Westport.
First Selectman Jim Marpe welcomes Brightlight Capital to Westport. Photo Credit: File

WESTPORT, Conn. - Brightlight Capital Management, a long/short small cap value manager, will be welcomed to Westport with a ribbon-cutting ceremony as it opens its new office at Sconset Square on Myrtle Avenue on May 13 at 2 p.m.

“Westport is a great environment for financial services businesses like Brightlight Capital. We wish them great success,” First Selectman Jim Marpe said in welcoming the growing hedge fund to town.

“This is a very exciting and important time for Brightlight Capital,” said Dima Rubinchik, founder and portfolio manager of the 3-year-old firm. “Two of our three partners live in Westport, so the decision to move here from New York was an easy one. We have plenty of room for our current needs and room for the firm to grow. Being close to Westport’s retail hub is an added convenience for our employees.”

The office space was previously the home of Westport News and is located above HB Home at Sconset Square on Myrtle Avenue. Other tenants include Bungalow, Geiger Landscape Design, Blue Lemon Restaurant, Snip Doggy Dog and The Travel Exchange.

Brightlight Capital seeks to achieve long-term, high risk-adjusted returns, while preserving capital with low net exposure to the market.

The fund has a concentrated portfolio of long and short positions, focused on small cap value equities. Brightlight Capital Partners LP was launched August 2011 by Dima Rubinchik, former partner of Conatus Capital.

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