Friday, 27 March 2015
Last updated 3 hours ago
Jan 7 2011 | 9:04am ET
Two growth specialists from Insight Capital Research & Management have launched their own hedge fund.
Diablo Vista Capital Partners is the brainchild of Lance Swanson and Lee Molendyk. The two will share the titles of managing partner and portfolio manager at the new Concord, Calif.-based equity long/short firm.
"We have a strong entrepreneurial and competitive spirit, and have always dreamed of starting our own firm," Molendyk told Pensions & Investments. "With complete control of the company's operations, we will be able to maintain the firm's focus on providing the absolute best returns possible to clients."
Swanson added that he and his partner had decided to launch a hedge fund, rather than a managed account platform, because the former structure and freedom to sell short will improve returns.
At Insight Capital, which manages nearly $600 million for institutional and high net-worth investors, Swanson and Molendyk managed small-cap, small- and mid-cap, all-cap and concentrated growth portfolios.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…