Dougherty & Co. Launch New Hedge Fund

Dougherty & Company of Minneapolis announced the launch of its first hedge fund. The fund officially began on Sept. 1, 2010 and is called the Dougherty Absolute Equity Fund.

Portfolio Manager Bob Schnell says: "The massive consolidation within equity research and the growth in Exchange Traded Funds (ETFs) have created a large void in the area of traditional fundamental stock picking."

He continues: "Dougherty & Co., through its existing research and investment operations, provides an ideal platform for a fundamental based hedge fund investment strategy."

Schnell has spent the last 12 years managing similar fund strategies for Telluride Asset Management and Deephaven Capital Management, according to a press statement.

Schnell defines the new fund as employing a hedged investment strategy with a focus on smaller capitalization companies and says the portfolio will have a deep value bias with well-defined stock selection criteria.

The fund also boasts a high-profile Strategic Advisory Board which will be made up of three outside members: Gregory Graves, executive vice president and CFO for Entegris; Mark F. Steen, principal of Blue Rock Advisors; and, Vince Flynn, the best-selling author.

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio