Best Emerging New Manager
Convergence Capital Management Group, LLC
Convergence Capital Management Group, LLC was founded in 2013 in California. The firm is managed by Richard Hawkins and Alexander Olson. Mr. Hawkins and Mr. Olson previously worked together at Cambridge Associates LLC in Menlo Park, CA.
Convergence Capital Partners Fund I, LP is a diversified absolute return fund with a focus on capital preservation. The fund targets a 12% net return annually to investors regardless of general stock market movements. The fund takes advantage of structural inefficiencies and behavioral mispricings in the stock and stock option markets. Convergence's approach is differentiated by stable returns and low correlation to broader stock, bond, and commodity markets.
Convergence recently won “Best Emerging New Manager – USA” and “Best Performing Absolute Return Fund (1 Year) – California” from the 2015 Hedge Fund Awards sponsored by BarclayHedge.