Verdad: 10 years, $1B in AUM

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I founded Verdad with $8M under management 10 years ago in my dorm room at Stanford’s Graduate School of Business. Today, I am proud to announce on the firm’s 10-year anniversary that Verdad manages $1B from our headquarters in Boston, including:

  • $365M in our micro-cap, deep-value equity strategies. This includes $215M in Japanese equity strategies overseen by our Japan PM Nick Schmitz, $50M in European equities overseen by our Europe PM Brian Chingono, and $100M in global mandates.
  • $315M in a quantitative credit strategy led by our credit PM Greg Obenshain.
  • $230M in our second Opportunity Fund, which invests in US micro-cap, deep-value stocks in times of crisis. This fund is currently uncalled.
  • $92M in our Deephaven multi-asset, multi-strategy long-short hedge fund, where I oversee the work of our senior analyst Chris Satterthwaite and am advised by our consulting economist, Sam Hanson, a professor at Harvard Business School.

From the start, Verdad has focused on deep research, quantitatively applied. Since our founding, we have shared nearly 400 research pieces with the investor community and invested significant time and capital in building a sophisticated technology infrastructure. From humble beginnings with Excel and code, we now use over a terabyte of financial data to build our own factor models and cloud compute to run our analytics, backtests, and portfolio selection models.

I am very proud of our amazing team and what we have built together. And I am very grateful to you, our investors and readers, for supporting us on this journey over the last decade. And I am very excited about what the next decade will hold as we continue to strive for excellence in investing.


Daniel Rasmussen