Tom Bushey

9 statements across 1 episodes · 1 bullish · 3 bearish · 1 people on the record · first statement Dec 3, 2018 by Tom Bushey · across every show →

On the record as a speaker too: Tom Bushey's record, appearances and statements → this page counts the times other people say the name.

Everything said about Tom Bushey, oldest first

Dec 3, 2018 neutral

Disclosure

Bushey: Sunderland Capital launched with capital in the teens of millions

“Gosh, it was in the teens of millions of dollars. I don't remember exactly, but it wasn't a lot.”

Tom Bushey Dec 3, 2018 ▶ 36:21 Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)

Dec 3, 2018

Insight

Bushey: Allocator pushback tempts emerging managers to sound generic

“When you launch and you maybe are doing something that's not well understood in the market, you get a lot of pushback. And then maybe I would even say to myself that we kind of pulled back a little bit and we'd go into meetings and we'd start even being vaguer…”

Tom Bushey Dec 3, 2018 ▶ 33:37 Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)

Dec 3, 2018

Insight

Bushey: Hedge fund AUM lacks the stability of private equity commitments

“Three billion dollars of capital is not the same as a three billion dollar private equity fund. And so as quickly as that goes up, even if performance isn't bad, it was primarily European fund-to-funds money, and that, that was a piggy bank very quickly”

Tom Bushey Dec 3, 2018 ▶ 15:06 Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)

Dec 3, 2018 negative

Assertion Not checkable as stated

Bushey: 200 of first 300 allocators called Sunderland's strategy ludicrous

“I mean, of those 301st meetings I had, probably 200 of those people told me why what I was doing was ludicrous, and here's how they would do it, and here's what their funds do.”

Tom Bushey Dec 3, 2018 ▶ 33:18 Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)

Dec 3, 2018 neutral

Disclosure

Bushey: Most of Sunderland Capital's 50 LPs are entrepreneurs or fund managers

“Even in what we do now, if you look at of our 50 LPs, most of them are entrepreneurs in some form and fashion. They either run an asset management business or have built their own company”

Tom Bushey Dec 3, 2018 ▶ 7:29 Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)

Dec 3, 2018

Disclosure

Bushey: Sunderland Capital launched after securing BlackRock fund's seed client

“And so I approached the client who seeded this fund at BlackRock and I said, would you support me if I did it independently? And I was really lucky that they said yes.”

Tom Bushey Dec 3, 2018 ▶ 20:36 Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)

Dec 3, 2018 negative

Insight

Bushey: Small funds cannot outsource fundraising to dedicated sales hires

“And then marketing, I would say, whatever you want to call it, business development, marketing, the truth of the matter is in a small firm, it's next to impossible to have someone else sell marketing.”

Tom Bushey Dec 3, 2018 ▶ 30:04 Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)

Dec 3, 2018 negative

Assertion Not checkable as stated

Bushey: Quants at previous fund claimed losing over 5% was impossible

“At the firm I worked for, there were three Cambridge PhDs who would send me a spreadsheet saying it would be impossible to lose more than five percent of our portfolio.”

Tom Bushey Dec 3, 2018 ▶ 14:31 Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)

Dec 3, 2018 positive

Disclosure

Bushey: Sunderland's Anchor Client Funded Its Institutional Infrastructure at Launch

“Our initial client was also very supportive of our business financially as well, so they were willing to help me spend the amount of money necessary to Set it up institutionally, and that was important to me. I didn't want to just get an office in the suburbs …”

Tom Bushey Dec 3, 2018 ▶ 23:16 Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)

Tom Bushey

Everything said about Tom Bushey, oldest first

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