Bill Donoghue, a journalist focused on the money market mutual fund business, founded W E Donoghue & Co (WEDCO) in 1986. The firm specializes in what it pitches as "defensive tactical asset management.
WEDCO offers the Power family of mutual funds. Though the firm started out with a direct-to-retail distribution focus, they now focus on selling through advisors, especially those affiliated with independent broker-dealers or RIAs.
In 2016 Donoghue sold his 60-percent stake in Norwood, Massachusetts-based WEDCO to David Minella's new private equity shop, Naples, FloridaMinella Capital Management. Six members of WEDCO's own management team now own stakes in the fund firm.
Jeff Thompson President, PM, W.E. Donoghue & Co.
David Minella Managing Member, Minella Capital Management
Curt Meyer Managing Director, National Sales Manager, W.E. Donoghue & Co
Rick Molari Chief Operating Officer, W.E. Donoghue & Co
William Dowler Chief Compliance Officer, W.E. Donoghue & Co