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

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...