About 1607 Capital Partners
Meet 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.
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.
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.
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.
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.
1607 Capital Partners is founded as the CEF specialists from TAG leave to team up with Fred and Kirk Tattersall.
Assets under management quickly surpass $1 billion and the expansion of the investment team begins with the hire of a new Research Analyst.
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.
As AUM and new opportunities increase 1607 brings another research analyst onto the team.
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.
To take greater advantage of the many funds dedicated to US-domiciled companies, 1607 launches a dedicated US Domestic Equity strategy.
1607 opens a UK office in London to better facilitate the firm’s trading and research in that market.
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.
Amidst COVID-19 and market volatility, 1607 expands both the investment and client service teams with the creation of new roles.