Jeffrey Dunham founded Dunham & Associates in 1985 and launched the family's first mutual fund in 2004. The firm's model was to hire institutional sub-advisors for all of its funds and compensate those sub-advisors based on their ability to outperform their benchmark. Dunham accomplishes this alignment on its mutual funds through the use of fulcrum fees.
Initially, Dunham focused geographically on affluent investors in Southern California, but since the 1990s with the launch of its mutual funds it has expanded its distribution nationally.
Dunham also offers a mutual fund wrap program to financial advisors that allows the advisor to choose to charge fees only when their client makes money.
Dunham purchased the Kelmoore Funds in 2008. In September 2008 the Kelmoore Strategy, Kelmoore Strategy Eagle and Kelmoore Strategy Liberty Funds were converted into shares of the Dunham Monthly Distribution Fund.
Jeffrey Dunham President and Chief Executive Officer, Dunham & Associates Investment Counsel
Sal Capizzi Chief Sales & Marketing Officer, Dunham & Associates