Colorado's manager base is more talented
and diverse than ever, and there are many reasons for that. Most hedge fund investors may know places like New York, Connecticut, Chicago or maybe Boston and Dallas very well, but very likely they won't be familiar with Denver as a hedge fund center.
Denver is often associated as the home of Janus, the large mutual fund firm in the hey days back in the 90s. However, similar to Boston, quite a few hedge fund managers have spun out successfully from the mutual funds, while another batch of managers worked
originally at the East Coast and decided at some point during their careers to set up in Colorado.
While these managers may be a bit removed from the typical asset allocators, they also find that “the world” comes to Denver, Vail or Aspen. Even smaller funds have access to corporations and executives of all sizes that pass through town. And then there is the global elite with houses in Vail or Aspen, allowing local managers to build unique networks. In 2010, Booth Creek capital - a young, local hedge fund - put an advertisement out for an analyst and found themselves flooded with 500 high caliber applicants from all over the U.S. who were happy to relocate to Colorado.
The Opalesque Colorado Roundtable was sponsored by Rothstein Kass and Custom House Group and took place March 8th 2011 in Denver with:
Adam Savin, Managing Member, Booth Creek Partners
Bill Plummer, President, Range Wise
Drew Hayworth, Principal, Madison Street Partners
Edward Tedeschi, Founder and Chairman, HC Associates
Lars Soderberg, Director of Investor Relations, Independence Capital Asset Management
Matt Anderson, Audit Principal, Rothstein Kass
Minyoung Sohn, Partner and Portfolio Manager, Arrowpoint
Paul McPheeters, Portfolio Manager, Atlantic Trust
Steve Hamilton,
Co-Founder, Hamilton Miller
In this Roundtable you will hear about:
True independent thinking, uncorrelated returns and sticky staff: what investors appreciate about Colorado hedge funds
How hedge fund managers benefit from being based in Aspen and Vail
Why more and more investors start to shy away from the large hedge funds which “just keep getting bigger”
What is the new sweet spot for firms like Atlantic trust when sourcing new hedge fund managers?
Opportunities in the Energy MLP sector, which has many similarities to the growth of the REIT sector, except that they are about 10-20 years behind
How despite of the overwhelming investor demand for liquidity one of the most attractive strategy at the moment is actually providing liquidity, or the ability to monetize an otherwise illiquid asset
Opportunities in Agriculture: How the price cycles which historically held up over 50 or 60 years changed in 2004 – are investors missing the big picture?
The Opalesque Roundtable Series offers unparalleled intelligence on the most important global hedge fund jurisdictions and their players. The Roundtable Series is a free publication from Opalesque and is continually updated. Please scroll down to view the full selection of our Roundtables - covering the globe!