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

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...