About 1607 Capital Partners

Why 1607?

SINGULAR FOCUS

We are dedicated to investing in closed-end funds and similar vehicles. All activities of the firm, from personnel decisions to systems integration, are tailored specifically to this specific segment of the investable universe.

EXPERIENCE

The stable, yet growing, investment team has 130+ years of experience specific to the closed-end fund space.

INDEPENDENCE

In an industry increasingly dominated by a handful of outsized asset gatherers, we believe there is value in thinking differently and in the ability to adapt, making decisions solely in the best interest of our clients. For those reasons, 1607 is committed to remaining independent for the long term.

CLIENT DRIVEN CULTURE

With a very manageable number of large institutional clients, we are able to provide an extremely high level of client service. Everyone at 1607 interacts with clients on some level and understands that the client always comes first.

CAPACITY DISCIPLINED

Managing too much capital in a niche, less efficient market is always the enemy of returns. 1607 has specific guidelines to limit the amount of capital we manage across each of our strategies based on the size of the investable universe. A number of our strategies have been managed at, or near, these levels for years.

Meet Our Team

Our Team
Our Team
Our Team

The History of 1607

  • Late 1970’s & 1980’s
    Fred Tattersall, Founding Chairman of 1607, begins to study the closed-end fund (CEF) universe and develops an affinity for this unique investment vehicle and the ability to buy a dollar’s worth of assets for less than a dollar.
  • 1988
    Following the stock market crash of 1987, the extreme dislocations in the equity CEF universe provides the opportunity to launch a dedicated investment product at a predecessor firm.
  • 1992
    After recognizing the long-term potential in this type of CEF vehicle, Jim Mallory is recruited to the firm to build a dedicated team and attract new clients.
  • 1994
    Trading begins in the UK investment trust market after extensive research, uncovering many similarities to CEFs traded in the US.  Shannon Fake joins the team to further develop this market. The CEF team branches out and begins to offer services to the fixed income clients of the firm by launching a dedicated fixed income CEF strategy.
  • 1999
    Ashley Long joins the team to further develop the strength of the investment process and broaden the capabilities of the group. Tattersall Advisory Group is sold to First Union Bank. At the time, the firm was a traditional fixed income specialist and the CEF group was operating within this larger firm.
  • 2007
    1607 Capital Partners is founded as the CEF specialists from TAG leave to team up with Fred and Kirk Tattersall.
  • 2008
    Assets under management quickly surpass $1 billion and the expansion of the investment team begins with the hire of a new Research Analyst.
  • 2009
    With the increased research capability, the firm begins to invest in funds traded in Canada and Australia, broadening its ability to find attractive funds for client portfolios.
  • 2011
    As AUM and new opportunities increase 1607 brings another research analyst onto the team.
  • 2016
    The investment team is enhanced by a new research analyst, focused on the quantitative aspects of our process, as well as improving our internal systems.
  • 2017
    To take greater advantage of the many funds dedicated to US-domiciled companies, 1607 launches a dedicated US Domestic Equity strategy.
  • 2018
    1607 opens a UK office in London to better facilitate the firm’s trading and research in that market.
  • 2019
    The firm surpasses $4 billion in AUM for the first time and brings on an external financial partner, Rosemont Investment Group, in order to better facilitate equity circulation, while ensuring long-term independence.
  • 2020
    Amidst COVID-19 and market volatility, 1607 expands both the investment and client service teams with the creation of new roles.

Your capital deserves a trusted team and a clear strategy for reliable results

Talk With Us
Talk With Us
Talk With Us

1607 Capital Partners | 13 S. 13th Street, Suite 400 | Richmond, VA 23219 | Main: 804.525.1750 | [email protected] | 1607 Capital Partners, LLC is an investment adviser registered with the SEC. Registration does not imply a certain level of skill or training. All information contained herein is believed to be correct but accuracy cannot be guaranteed. 1607 Capital Partners and its employees do not provide tax or legal advice. This website is for U.S. investors only. If Non-U.S. investor, please consult the rules and legal requirements for your specific jurisdiction.