Fort Worth's Browder Capital Expands To Florida

Jul 14 2014 | 9:21am ET

Fort Worth, TX-based hedge fund Browder Capital is expanding its operations to Florida.

The $11 million fund's 20-something founders, Patrick Browder and Robert Sunleaf, told the Dallas Morning News they would open a second office in the Tampa/St. Petersburg, Fla., area in mid-August.

Browder will move to Florida to establish the office, raise money and deal with clients.

“We want to grow in Texas. Florida is the next-best option,” he told the paper.

Founded in 2013, Browder Capital actively uses proprietary algorithms to guide its trading. The fund is structured as a separately managed account and carries a minimum investment of $50,000. The firm's management fee is based on investment size and there is no performance fee.

Browder Capital’s equity long/short fund returned 57.3%, net of fees, in 2013.

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