Sunday, 19 April 2015
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…