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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

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

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...