Va. Private Money Manager Goes Public With Hedge Fund

Feb 5 2010 | 12:16pm 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.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of