Thom Young, MBA, President, FARcapital, LLC – Mr. Young primarily responsible for strategic direction of FARcapital. Mr. Young’s emphasis is on sales and marketing to the largest US hedge fund management companies and their global institutional asset owner investor base.
Prior to joining the Company, he co-founded and managed Cambium Capital Management, a conservative Jones model US equity long/short hedge fund working for large institutional investors. Before Cambium, Mr. Young worked as a Managing Director of Deutsche Bank in New York serving in several roles to include as a Global Relationship Manager and as Co- Head of Global Institutional equity sales. In 1997 Mr. Young opened and managed Deutsche Bank’s institutional office in Atlanta, Georgia. From 1983-1996 Mr. Young worked at The First Boston Corporation in New York and Atlanta. While in Atlanta, he covered the Southeast’s largest public pension plans, major endowments, and foundations.
Mr. Young has served on the Boards of the Mint Museums of Charlotte. Mr. Young is past treasurer of the Echo Foundation and past President of the Ne Ultra Society of Davidson College. Mr. Young earned his MBA from the University of Virginia Darden School ’83 and his undergraduate degree from Davidson College’ 78.
FARcapital provides design, implementation and administration of Fund Alignment Rights (FARs), an innovative incentive fee structure struck between global institutional Asset Owners and the US hedge fund Managers they employ.
Fund Alignment Rights (FARs) allow Asset Owners to secure multi year incentive fees, assuring the inherent outperformance over an annual incentive fee fund, without having to provide tax distributions to the US manager each year.
The US hedge fund Managers that offer a FAR share class will leave their annual incentive fee invested in the fund on a pre tax basis, rather than redeemed at year end and taxed as it is today. That invested fee is aligned with their investors’ capital, and compounds tax deferred until an agreed upon period, or longer if the Manager chooses. FARs accumulate greater wealth for the Manager than had the Manager paid taxes each year.
FARs are a transformative idea, the rare fee solution that provides a Win Win for both Asset Owner and US Manager.