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

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

Rating:Virginia Fund Firm Head Hires Former Intern Turned Successful PM Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 11, 2017

Virginia Fund Firm Head Hires Former Intern Turned Successful PM

Reported by Ashley McHugh-Chiappone, Editorial Intern

Longtime fundster Dave Basten, founder, president and chief investment officer of API Funds, just brought on his former mentee, J. Dale Harvey, to be a PM of the Yorktown Mid Cap Fund.

J. Dale Harvey
Poplar Forest Capital
Chairman & CEO
As the Basten's story goes, Harvey appeared in his office when he was 14 years old. He came along, sans parents, and asked numerous questions about the asset management industry. For hours, Basten explained concepts to Harvey, to which he responded positively, and it was clear to Basten that he was grasping the information.

"Dale Harvey came into my office unknowing anything about anything, but he wanted to know," Basten tells MFWire. "I knew there was something special about this guy; he was exceptional."

From there, the mentor-mentee relationship grew. Harvey eventually went on to study business at UVA, later obtaining an MBA from Harvard and starting his own firm, Poplar Forest Capital. Now, the pair is teaming up to run a fund!

As of February 13, Harvey is heading up the Yorktown Mid Cap Fund, which seeks long term capital appreciation and focuses on value investing. Unlike Basten who employs a passive aggressive, diversified investing style, Harvey uses a contrarian approach.

Yorktown Management & Research Company, Inc is the investment advisor for the fund. API Funds serves a transfer agent for the fund.

As of now, their main focus for the new fund is on raising $30 million so the fund can gain access to major distribution platforms. In the future, though, another joint venture seems possible to Basten.

"It's a big business," Basten says. "[And] there's no one else I'd rather work with."  

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
2017: Q2Q1
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




©All rights reserved to InvestmentWires, Inc. 1997-2017
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use