New Texas Firm Launches Maiden Hedge Fund

Dec 15 2011 | 1:48pm ET

A Texas real-estate investor is giving hedge funds a try.

Daniel Dower has founded Texas Business Strategies in Dallas and has launched his maiden hedge fund, a concentrated, long-biased large-cap strategy. The Stanchion Fund, whose strategy Dower has tested in several separately managed accounts, will hold between 12 and 25 positions in just five to 10 companies, HFMWeek reports.

The hedge fund was seeded by TBS and a high-net worth investor. Dower, formerly CFO at private real-estate fund Chi Investment Corp., hopes to raise $5 million for the fund next year.

"We find that the low-debt multinationals are well-positioned to tap into growth in emerging markets," Dower told HFM. "Many managers focus on attempting to gain information advantages on small-caps, but we believe we achieve superior returns with much less risk in the large-cap space by using active management based on relative fundamental analysis."

Stanchion charges 1% for management and no performance fee. There is a $25,000 minimum investment and no lock-up.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of