Hedge Funds Performance

KVO lives in the woods, but earns big city returns

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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