Paul Saunders is the founder of this Richmond based company, James River Capital. He is the man behind the wins from the many challenges the company faces.
James River Capital is a financial services provider. The company performs third party marketing as an alternative investment product. Besides, the company also runs a broadly diversified hedge funds program, manages the long-only stock portfolio which will be broken to (small, mid, and large) cap stocks among other smaller asset classes programs.
In the company, there are two senior analysts who help the CEO to run the activities of the firm. The IT person, on the other hand, is responsible for managing the program. Those analysts employed there are skilled and experienced people with more than two decades in the field.
Regarding the company’s program funds of funds program, Paul argues that the company tries to run a diversified portfolio but still look for more opportunistic where possible.
When the market had collapsed in 2008, the company had an aggressive investment for the distressed funds. There were managers but after the 2008 sell-off, they waved the credit for some time before eventually reducing those positions to zero for about seven years. So, the company has been trying to build back its credit position for the past years finding that the stock market is fully valued depending on the CEO’s opinion.
James River Capital has been operating in this Richmond based firm for more than four decades now. So, they have a good reputation for their business. The network is also broad for them to source the hedge fund managers. When they require new managers, they can do it with limited capacity despite being smaller than other institutional investors.
They aim at investing in lesser known managers but have done excellent in the past is for their portfolio. As the company has operated for more than four decades, interviewing new managers each year that means it has already developed good instincts and can add good managers in the team.
Before hiring a manager, there different variables to be considered and also during firing a manager. The company has made many mistakes before, but the success outweighs the mistakes committed earlier. Something the company is proud of is the slugging ration as it has become stronger.
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