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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR