Sciens Capital Management
As more hedge funds fall victim to whipsawing global stock
markets, Charles Dufresne Jr. sees an opportunity to expand.
The managing director at New Yorkheadquartered Sciens
Capital Management is on the hunt to acquire hedge funds and
funds of funds to bolster his firms asset base
about $8.5 billion, with $2.5 billion of that in hedge funds
for pennies on the dollar. In March, Dufresne, 39, led
the acquisition of a socially responsible investment group, now
called GOOD Asset Management, from U.S. Trust, Bank of America
Private Wealth Management, where it ran north of $2
The Suffield, Connecticut, native cut his teeth on hedge
fund acquisitions as an attorney at New York law firm Sadis
& Goldberg, where Sciens was a client, from 2008 to 2012.
He then joined Tiedemann Investment Group, a New
Yorkbased alternative-asset manager, as founding partner
and president of a new short-term fixed-income division,
leaving for Sciens in 2014.
Dufresne, who holds BA in literature, philosophy and
political science from Atlantas Emory University, earned
a JD in securities law at New York Law School in 2002 and
started out at law firm Abbey Spanier, where he served pension
clients. Two years later he received an MBA in finance and
marketing from Fordham Universitys Gabelli School of
Business in New York, and the strong relationships he forged as
a lawyer for public financiers hes been a member
of the National Association of State Treasurers since 2004
launched him into finance.
In 2007, Dufresne moved to Cipher Capital Partners, a New
Yorkbased hedge fund and private equity start-up, as a
director in charge of distribution. Showing a knack for selling
financial products, he soon left Cipher to start his own firm,
Opvs Group, to invest in Asia with two colleagues based in
Singapore. But Dufresne quickly learned that investors in 2008,
reeling from the global financial collapse, werent too
keen on new hedge funds. The Opvs team admitted defeat later
that year, and he fell back on his law degree, biding his time
to return to the top of a hedge fund firm.
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