KVO lives in the woods, but earns big city returns

By Suzy Kenly Waite

Mon Mar 29, 2010



A 63.5% return in 2009 validates the decision by Kip Oberting, a Dartmouth College graduate and former White Mountains Insurance Group executive, to set up shop in rural New Hampshire.



KVO's office above the Dartmouth Bookstore. Courtesy of KVO.
 

KVO office interior. Courtesy of KVO.
While many new hedge funds seek an exclusive address on Fifth Avenue in New York or Mayfair in London, Kip Oberting chose to set up shop in a rural New England town four-and-a-half hours from New York on I-91 and across the Connecticut River.

Oberting's firm, KVO Capital Management, is based in Hanover, NH, most recognizable to outsiders as the home of Dartmouth College. Despite the presence of an Ivy League university and a renowned medical center, Hanover's financial industry is virtually nonexistent. But Oberting believes being away from the market noise helps him remain rational and individualistic.


He founded the firm in May 2008, and KVO launched an offshore version of the fund on Jan. 1. Before he set up KVO, Oberting ran a $2.5 billion re-insurance portfolio at Montpelier Re...

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