Va. Private Money Manager Goes Public With Hedge Fund

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.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note