Saturday, 30 August 2014
Last updated 1 day ago
Feb 5 2010 | 11:16am ET
Virginia money manager Thompson Davis Asset Management is dipping its toe into hedge fund waters.
The eight-year-old firm launched its debut hedge fund last month with $2 million, HedgeFund.net reports. The firm, part of Richmond-based investment research shop Thompson Davis & Co., had previously focused on private wealth management, but said client demand convinced it to launch the hedge fund.
That fund is a concentrated, long-biased equity long/short vehicle managed by firm co-founder William Davis and Harper Stephens. While the fund has no market capitalization restrictions, Davis told HFN that it will invest primarily in small- and mid-cap companies.
“That is where our growth parameter is,” he explained.
The Thompson David hedge fund charges 2% for management and 20% for performance. There is a $250,000 minimum investment, and the fund has a capacity of between $250 million and $300 million.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...