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elektrikq's picture

DC Hedge Funds

Anyone know of any solid funds in the Washington DC area (DC, Maryland, Northern VA etc)?

Currently working as an analyst at a BB investment bank, but I'm looking down the road a bit. Not really looking to switch jobs quite yet, just doing some research.

Any insight would be much appreciated.

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heyman800's picture

FBR has an alternative

FBR has an alternative investment division, and Carlyle runs the Blue Wave fund. Beyond that, if anyone has access to Capital IQ, I'm sure they could provide some more information.

Aces's picture

American Capital

Pretty sure they have offices based out of Bethesda, MD (which is decently far from downtown DC but certainly accessible by Metro)

Also they may have also opened up an additional office in Washington, DC but I'm not positive about that

elektrikq's picture

Great thanks for the tips.

Great thanks for the tips. I've got access to CapIQ, so I'll give that a look tomorrow. If anyone else has suggestions I'd appreciate it.

heyman800's picture

FBR's offices are in

FBR's offices are in Arlington, which is on the other side of the bridge from Georgetown. Carlyle is in D.C.

kmlmass's picture

hedge funds

Not positive, but eventhough Carlyle is based in DC, I think Bluewave (Carlyle's new hedge fund) will be run out of New York. They may have some operations in DC, but most positions are probably closer to New York

FBR has some offshoot hedge funds founded by two of the founders who are no longer with the firm. EJF capital (initials of Manny Friedman) is in Arlington (just across the Key Bridge from Georgetown), and Ramsey Asset Management is in McLean (about 10-20 minutes out by car - no close metro). I think both have under $1 bill AUM.

I think ACAS is more mezzanine fund than hedge fund, but the line between the two isn't really as defined as it once was.

I think a lot of major funds do have offices in DC, but their focus is more gov't watching, rather than actual trading or research.

On the fixed income side, the World Bank, the InterAmerican Development Bank, and possibly the IMF have some emerging market debt trading operations - interesting stuff, but not really a hedge fund, although it would provide a nice platform to jump to one of those types of funds later.

In reality, DC is more of a private equity than hedge fund city.

WallStreethokie's picture

kmlmass

kmlmass wrote:

Not positive, but eventhough Carlyle is based in DC, I think Bluewave (Carlyle's new hedge fund) will be run out of New York. They may have some operations in DC, but most positions are probably closer to New York

FBR has some offshoot hedge funds founded by two of the founders who are no longer with the firm. EJF capital (initials of Manny Friedman) is in Arlington (just across the Key Bridge from Georgetown), and Ramsey Asset Management is in McLean (about 10-20 minutes out by car - no close metro). I think both have under $1 bill AUM.

I think ACAS is more mezzanine fund than hedge fund, but the line between the two isn't really as defined as it once was.

I think a lot of major funds do have offices in DC, but their focus is more gov't watching, rather than actual trading or research.

On the fixed income side, the World Bank, the InterAmerican Development Bank, and possibly the IMF have some emerging market debt trading operations - interesting stuff, but not really a hedge fund, although it would provide a nice platform to jump to one of those types of funds later.

In reality, DC is more of a private equity than hedge fund city.

What are some of the PE firms in the D.C. area? Specifically MM ones.

WallStreethokie's picture

bump

bump

kmlmass's picture

Some dc based private equity firms

This is not a complete list, but does include some of the firms in and around DC. Many of these firms describe themselves as being focused on the middle market, although this list includes other DC based funds as well (i.e. Carlyle). There are also some emerging market, venture capital, and real estate focused funds mixed in. Since i don't know much about private equity, i'll leave it those of you who are more informed to sift through and classify more appropriately where these firms fit in.

http://www.carlyle.com/
http://www.perseusllc.com/index.htm
http://www.pcgi.net/
http://www.thayercapital.com/
http://www.empglobal.com/contact.xml
http://www.venturehousegroup.com/index.html
http://www.relativitycapitalllc.com/
http://www.globalenvironmentfund.com/
http://www.redshiftventures.com/index.html
http://www.rljcompanies.com/
http://www.thehalifaxgroup.com/
http://www.fcpdc.com/
http://www.arlingtoncap.com/
http://www.severncapital.com/

mtones9's picture

Other DC middle market PE shops

American Capital and Allied Capital are two BDC's/PE shops in the DC area. McG Capital is a smaller shop located in Rosslyn, Virginia.