TENMA
LIMITED
Tenma's predecessor fund was ranked in Barron’s Magazine as the best performing fund in its class (AUM under $1 B). Find out how today.
ABOUT US
MISSION
FOCUSED FRAMEWORK
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We rely exclusively on focus, discipline, simplicity, buying distressed, resiliency, concentration, intrinsic value, large cash reserves, and distinguishing risk from uncertainty.
PROPRIETARY
FILTERS
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We have developed a replicable process which relies on a combination of over 100 objective and subjective factors to provide a filter of the most attractive opportunities in common stocks world-wide.
UNCOMPROMISING STANDARDS
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Active investing is concentrated investing.
We believe that investors should not pay active fees for index hugging Managers' incentives should align with investors. At Tenma, we only make money when you do.
Meet The Team
MICHAEL VANCE
FOUNDER AND MANAGING PARTNER
Michael Vance is the Founder and Managing Partner of Tenma Limited.
Michael graduated from the Ohio State University with a BA in Economics, Latin and Greek. He founded Tenma Limited in 2015 after working for JP Morgan, where he was the first employee hired for a pilot Private Bank rotational program in Columbus, OH. Michael was hired as CIO of Foxfield Capital, a Columbus, OH based global macro fund, which pioneered data analytic techniques in partnership with a local software start-up.
Michael earned his MBA at The University of Chicago Booth School of Business with concentrations in Accounting, Finance, and General Management in spring of 2018. He served on the Columbus Jewish Foundation Legal and Tax Committee while living in Columbus. He currently serves as a member of the Chairman’s Advisory Council of Big Shoulders Fund where he is a stock market teacher at Josephinum High School in downtown Chicago.
HAROLD HUGHES
ADVISOR
Harold joined Tenma in 2018 as an advisor to assist with bringing Tenma to scale.
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With over 30 years of international financial services and FinTech experience, Harold brings deep working knowledge on investment products, private wealth management, and institutional investing.
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As the former CEO of Alliance Bernstein (AB) Investments, he led a successful post 2008-2013 turnaround. Prior to his US position with AB he ran the UK, Europe, and Russia divisions for AB’s high net worth private client group. Harold was with Legg Mason from 1995-2003 where he started an ultra-high net worth group, and was head of wealth management, mutual funds, fund research, and financial planning.
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Harold was co-founder of the financial planning portal Net Decide, raising A-E rounds of VC investment, and a founder of Hug The Data, a data infrastructure startup built on a patent-pending data transformation and storage technology for cloud applications.
He is an alumnus of St. John’s College where he serves as Chairman of the Investment Committee, and is an advisor on blockchain and FinTech applications, business, and capital investment.