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Adam Wyden Hedge Fund

Adam Wyden Hedge Fund

Senator Wyden's Son Launches New Hedge Fund

The son of a sitting United States senator has launched a new hedge fund from the family basement. Adam Wyden, the twenty-six-year-old son of Oregon's Senator Ron Wyden, has launched ADW Capital Partners LP in his mother's house--a decision that will help keep costs down for the young fund. For now, Adam Wyden is running the fund by himself without any employees. Prior to this venture Adam Wyden interned for DE Shaw.
Adam Wyden, 26, started the fund under the name ADW Capital Partners LP and runs it from the Washington house that now belongs to his mother, according to a private placement notice filed last month with the U.S. Securities and Exchange Commission. The fund is modeled after the investment partnership billionaire Warren Buffett ran in the 1950s and 1960s before acquiring Berkshire Hathaway Inc., Adam Wyden said in an interview.

The younger Wyden, whose father hasn’t invested in the fund, is among the first generation of post-crash money managers, many of whom must keep a lid on expenses in the face of a difficult money-raising environment. Before graduating last year from Columbia University’s business school in New York with a master’s degree, Adam Wyden worked as an intern at the $19 billion hedge fund founded by David Shaw, a Democratic fundraiser who backed Ron Wyden’s campaigns in 2004 and 2010.

“Right now it’s just me,” Adam Wyden, 26, said when reached at his home in the Palisades neighborhood of Washington, from where he’s been running his $3 million fund since September. “I am the CEO, I am the secretary, and I am the chief marketing officer.” Source

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