Albert Bridge Capital manages concentrated long-only equity portfolios for institutional investors. The hallmark of its Alpha Europe strategy is the application of tenets of behavioural finance to a rigorous, fundamental, process-oriented research process.
That’s Benjamin Graham quoted above, as he suggested that stock selection was not merely about number-crunching and valuation. If Graham was the grandfather of behavioural finance, then Nobel Prize winner Richard Thaler is the father, as his research spawned a new focus in economics on the importance of bias in financial markets, decision-making, and asset pricing.
Utilizing this framework, CIO Drew Dickson - a former student and research assistant for Professor Thaler - has developed the Alpha Europe process to seek behaviourally-affected, often-unconventional, differentiated, idiosyncratic ideas with asymmetric payoffs. The firm then employs capital in a portfolio concentrated in these investment opportunities.
Ryan Beresford-Wylie is an analyst at Albert Bridge Capital. Ryan started his career at Goldman Sachs, working on the M&A team across a variety of sectors in both the Melbourne and London offices for three years. He then transitioned to the buy side and spent his next two years as an analyst at Parvus Asset Management, a fundamental equity shop based in London.
Mr Beresford-Wylie majored in Finance at The University of Melbourne.
Andrew (Drew) Dickson is the founder of Albert Bridge Capital, and CIO of the Alpha Europe funds. He has over 20 years of industry experience, and previously was a partner in the asset management division of Perella Weinberg Partners (PWP). Mr Dickson started his investment management career at Fidelity Investments, before moving to Och-Ziff, then founding Dickson Capital Management, a firm ultimately acquired by PWP in 2012.
Mr Dickson holds an MBA from the University of Chicago Booth School of Business, where he was a research assistant for behavioural economist Richard Thaler, as well as a BSc. from Purdue University.
Katrina provides additional support to the operations team, delivers direct PA support to the CIO and the investment team, and is in charge of all ad-hoc office administration. She previously was a legal secretary, and before that a legal project coordinator for the Ministry of Education of New Zealand.
Miss Duffy attended Rangitoto College in Auckland, NZ.
James Foster is the Head of Operations for Albert Bridge Capital. He was most recently responsible for the operations and compliance at Valiance Asset Management, a specialist investment firm, where he worked on the day-to-day operations of all investment structures, liaising with the external Directors and service providers. He also managed all aspects of compliance oversight across the firm.
Prior to his time at Valiance, Mr. Foster was a Partner of Boston & Alexander LLP, a convertible arbitrage fund based in London. Having begun his role there in 2007, assisting with the portfolio and managing general operations, he became more focused on running operations and compliance oversight for the firm. Previously, in 2005, Mr Foster was part of the operations team of PCE Investors, a London based hedge fund platform, having initially started his career on an internship as a UK and Ireland Regulatory Reporting Analyst at Fidelity International.
Mr. Foster holds a degree in Business Studies from the University of the West of England, Bristol.
Charles Hwang is a senior analyst and assistant portfolio manager at Albert Bridge Capital, and a partner in the firm. Most recently, he was an analyst covering airlines and industrials at Eisenstat Capital Partners (ECAP), a London-based fundamental long-short fund manager. Before joining ECAP, he worked with Drew Dickson as an analyst covering consumer and healthcare equipment at Perella Weinberg Partners (PWP) on the Alpha Europe fund strategies. Charles previously worked at Fidelity Investments in Boston and at Marakon, a global strategy consulting firm advising Fortune 500/FTSE 100 companies across various sectors.
Mr Hwang holds a BA in Economics from Northwestern University and an MBA from the University of Chicago Booth School of Business with concentrations in accounting and finance.
Mairead Kenny is in charge of marketing, investor relations and client services at Albert Bridge. Most recently she was European Head of Capital Introductions at Bank of America Merrill Lynch a role which she held for five years. Her primary responsibilities included originating and managing hedge fund and allocator relationships, assisting clients in the development and execution of marketing plans, and setting the strategy for the European capital introductions team.
Prior to joining Merrill Lynch, Mairead worked for Lehman Brothers in New York both in the capital introductions team and in the equity sales organisation. Prior to this she worked at JP Morgan Asset Management in New York.
Ms Kenny holds an M.A. Economics (Honours) and an M.Sc. Environmental Resource Management (Honours) from University College Dublin in Ireland.
Doriana Pavlicu is the COO of Albert Bridge Capital, and a partner in the firm. She most recently was Director of Operations at Perella Weinberg Partners (PWP), working with Drew Dickson, where she was primarily responsible for ensuring a smooth post-merger integration of Dickson Capital Management LLP (DCM) and the Alpha Europe Fund into the PWP platform.
Prior to PWP, Ms Pavlicu was the Head of Operations of Dickson Capital Management. Her responsibilities included managing all external firm and fund service providers (including audit, tax, legal, compliance, IT, accounts and banking) as well as all the day-to-day, month and year-end operations for both fund and firm. Before starting with DCM, Doriana was at Holte Capital Management, an equity long-short fund manager, reporting directly to the CFO.
Ms Pavlicu hold as B.A. French (Honours) degree from University College London.
Louis Savare is a member of the Albert Bridge investment team, providing research support to senior analysts, as well as providing analytical support to the CIO and CRO. Louis joined the firm from London based Hedge Fund Boussard and Gavaudan.
Mr Savare majored in International Business at Hult International Business School.