Minn. I-Bank Enters Hedge Fund Industry

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.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.