Monday, 20 February 2017
Last updated 3 days ago
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.