President,Co-Chief Investment Officer, & Portfolio Manager
Nancy Zevenbergen, CFA
I started this firm because I wanted to create wealth for people. I could invest in the way I felt was best—long-term. Investing in the IPO of an innovative local technology company solidified my conviction; I believed that company would change how the world worked and did business. It did.
The art in our investing is people. You can’t model the values of a founder, or their commitment to success, in Excel. Those are incalculable. But with research, listening, and boots-on-the-ground visits, we work to understand those attributes.
In our search for investments, founder-led is nearly a must-have for us. It allows for more efficiency in decision making. A controlling founder can do things with short term ramifications for long-term gain. They’re not worried about being fired by a board.
One of our culture and performance secrets is: hire smart people of great character but little experience in the finance world. They’re a blank canvas to teach how we invest. The educational system is so focused on arrears, cash flow, and positive earnings. It refuses to look at things differently – it can’t, the books haven’t been written.
My single mother pretty much raised me. She couldn’t go to college but made sure all her daughters did. She showed me that I could control one thing: my work ethic. I worked in the raspberry fields, moved up to the cannery, canning raspberries, strawberries, jam.
“We believe wealth is created through concentrated positions and we emulate that in our portfolios. You have to know how to take advantage of volatility.”
BA in Business Administration with an emphasis in Finance
University of Washington
Member, CFA Institute
Member, CFA Society of Seattle
Independent Trustee, Smead Funds Trust
Board Member, Seattle Pacific Foundation Board of Directors
Advisory Board Member, University of Washington Foster School of Business
At Large Director and Member of Nominating Committee, UW Foundation Board
Technology, Energy, Materials/Processing and Producer Durables