Friday, 31 October 2014
Last updated 9 hours ago
Nov 12 2010 | 2:18am ET
Minneapolis investment bank Dougherty & Co. has launched its first hedge fund.
The Dougherty Absolute Equity Fund debuted on Sept. 1. The fund focuses on small-cap companies and features a deep-value bias, the firm said.
"The massive consolidation within equity research and the growth in exchange-traded funds have created a large void in the area of traditional fundamental stock picking," portfolio manager Bob Schnell said. "Dougherty & Co., through its existing research and investment operations, provides an ideal platform for a fundamental-based hedge fund investment strategy."
Schnell formerly worked at Telluride Asset Management and Deephaven Capital Management, where he also managed small-cap value hedge fund strategies.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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