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
THE
TENMA
Tenma's stated objective is to, over the long run, beat all three major indices and over 99% of mutual and hedge funds. To date, Tenma has exceeded these goals.
DIFFERENCE
OPTIMAL
TRANSPARENCY
Investors deserve liquidity in a post-crisis world. It's your money, available at any time without withdrawal fees. All investments are managed in separate accounts to maximize transparency and accessibility.
AND
LIQUIDITY
STRATEGIC
CASH
Our tactical cash reserve strategy shifts between common stocks and cash sweep vehicles throughout the year to protect the downside and to maximize investor gains.
RESERVES
DIVERSIFIED
ALPHA
Tenma serves as a complement to core equity sourcing. We are a dynamic, high alpha component of any portfolio with low correlation to both the S&P 500 and other hedge funds.
HIGHLY
CONCENTRATED
Tenma is a highly concentrated, long only fund, investing in 5-15 common stocks at any point in time.
POSITION
INVESTOR-CENTRIC
Tenma’s fee structure is truly investor aligned. We offer investors a choice between 0% AUM fee, 30% performance fee, with a 6% hurdle, or 1.5% AUM fee, 15% performance fee, with a 5% hurdle.
FEE STRUCTURE
MISSION
FOCUSED FRAMEWORK
We rely exclusively on focus, discipline, simplicity, buying distressed, resiliency, concentration, intrinsic value, large cash reserves, and distinguishing risk from uncertainty.
PROPRIETARY
FILTERS
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
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.
Leadership
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.