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.

 

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

 
Best Response

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.

 
kmlmass:
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.

 

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/

 

Hey everyone, this is an old thread, but since most of the convo was around the crash, I'd imagine things have changed in the DC metro area. Does anyone have an updated list of hedge funds and other NON PE firms for the DC Metro? The new guy would appreciate the help.

Matt Koebel
 

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