Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A First Eagle Vet Spreads His Entrepreneurial Wings Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 12, 2016

A First Eagle Vet Spreads His Entrepreneurial Wings

Reported by Neil Anderson, Managing Editor

A First Eagle veteran is spreading his entrepreneurial wings.

Abhay Deshpande
Centerstone Investors LLC
Founder, Chief Investment Officer
Abhay Deshpande confirms the launch of New York City-based Centerstone Investors and the debut of its first two mutual funds, the Centerstone Investors Fund and the Centerstone International Fund. Deshpande serves as founder and chief investment officer of the new shop.

Deshpande spent 15 years at First Eagle before departing at the beginning of 2015. Since then, he has been pursuing his "longstanding dream" to own his own business. To that end, he's built out a team that includes marketing, operations, and sales executives, and he's teamed up with State Street and Gemini to power the funds.

His leadership team at Centerstone includes: Courtney Blum, managing director, national accounts; Rob Cassata, managing partner, business development; Rafael Fernandez, managing director, trading; Mike Furlong, managing partner, business development; Ashwin Paranandi, managing partner, business development; Orli Peltz, managing director, marketing; and Philip Santopadre, managing partner, operations and compliance. Deshpande himself serves as chief investment officer.

Deshpande says he has a "fully-staffed office."

"I'm slowly adding more analysts," Deshpande tells MFWire. "I don't need an army of analysts."

Deshpande is the majority-owner of the new firm. He refused to turn to a third-party backer, he says, because he wants "everything to be long-term in nature."

"We want quality, not quantity," Deshpande says. "We're fully capitalized for as long as it takes."

"All of the employees have a path to ownership of the business," he adds. Eventually, he estimates, "roughly a quarter of the business will be owned by the employees."

Deshpande credits his wife with coming up with the Centerstone name. One of the first names he considered was "Bedrock Capital Management." His wife warned him that "that's where the Flintsones live." The "Centerstone" name, he says, is "meant to convey a strong foundation and long-term balance," precisely what the funds are meant to offer. Deshpande and his team want their strategies to be your rock.

"We're trying to secure equity-like returns over market cycles, with less risk," Deshpande says.

Deshpande is an alumnus of the University of Louiville. He worked at Harris Associates, Morningstar, and Conservative Asset Management before joining First Eagle in 2000. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use