Calif. Asset Manager Readies Hedge Fund

Nov 22 2010 | 9:07am ET

Daniel Maarsman, a California money manager with almost 50 years' experience, is set to try his hand at running a hedge fund—at the age of 76.

Maarsman has founded Entrepreneurial Capital Partners and plans to launch his first hedge fund next month. He told the Palm Springs Desert Sun that he'll try to improve on the "lousy returns" posted by many hedge funds with his "different" approach to research based on his decades of "hard-knocks" experience.

Among Entrepreneurial's plans are site visits to portfolio companies and some measure of shareholder activism.

The new fund will invest about 60% of its assets in publicly-listed stocks, with 25% invested in private companies, 10% in commodities and 5% in convertible bonds.

Bank of America Merrill Lynch is Entrepreneurial's custodian and prime broker.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...