Adam Wyden has launched a new hedge fund in Washington under the name ADW Capital Partners, Bloomberg reports. Wyden has worked at DE Shaw & Company as an analyst on a $700 million long-short fund that bet on and against media, technology and telecommunications stocks.
The fund is modeled after the investment partnership run by Warren Buffett in the 1950s and 1960s before buying Berkshire Hathaway. ADW is targeting high risk-adjusted returns through “conservative equity investing” in small, under-followed businesses in the U.S., Canada and Western Europe.
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