Rock the shareholder vote

A local investment fund wants to spread democracy among the stock-holding populace.

After toying with an idea for a website that makes it easier for shareholders to vote on issues at public companies, Richmond-based TFS Capital plans to invest $2 million. Read more

Richmond mutual fund weathering the storm

So far, investors are keeping their money with a Richmond-based mutual fund company.

The two mutual funds managed by Richmond’s TFS Capital are still bringing in around $1 million in new money a day, according to the company.

The performance of the TFS’ market neutral fund (which bets that stocks will both rise and fall) and the small cap fund (smaller companies) are both down, but investors aren’t pulling out their money. Read more

Eat your own cooking says local hedge fund

Sometimes there’s a nugget of wisdom in even the corniest business cliché.

Take “Eat your own cooking.” If a chef won’t touch the clam chowder, most likely the patron should lay off, too. (Insert gross restaurant tale here).

But the idea behind the saying applies to most any small business. Using your service or product can be a powerful sales tool that assures potential customers that you believe in the brand – and the case of the restaurant biz, that the chicken salad hasn’t sat in the sun for three days. Read more