Hedge Fund Endowment Capital Adds CEO

Feb 12 2008 | 6:47am ET

A Philadelphia hedge fund that caters to university endowments and foundations has named a mutual fund executive as its new CEO.

Christopher Long has joined Philadelphia-based Endowment Capital Group from Friess Associates, where he served as chief operating officer. At Friess, he was also treasurer of the Brandywine family of mutual funds.

“Thanks to Chris Long coming on board, I can now focus exclusively on managing the portfolio and picking stocks,” Endowment Capital founder Philip Timon said. “At Friess, Chris proved his ability to successfully manage all of the non-investment aspects of a $17 billion investment firm, so the hand-off to him has been seamless.”

Timon, who set up Endowment Capital in 2004 after leaving hedge fund firm Downtown Associates, will now serve as chief investment officer and portfolio manager. The concentrated small- and mid-cap equity fund will reopen to new investors in the coming weeks, closing when it reaches $400 million.

The fund currently manages about $300 million.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note