Advisor at The Alchemist Fund
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Kingman Penniman is a CFA® charterholder and the sole advisor at The Alchemist Fund in Montpelier, VT, with seven years of industry experience. He has been with The Alchemist Fund since 2014. The Alchemist Fund is an independent registered investment adviser that manages discretionary separately managed accounts primarily for individuals and families. The firm employs a bottom-up, value-oriented investment approach focused on a concentrated portfolio of core positions held long term, with a flexible mandate that includes domestic and foreign equities, high-yield debt, and distressed opportunities.
0.5% quarterly (2% annualized) for non-qualified investors
For qualified investors: (i) 25% of returns above 6% hurdle annually; (ii) 0.5% annual management fee plus 33% of "alpha" over S&P 500 over 3-year periods
Account minimum: $100,000 Fee-only: Management fee of 2% annually (0.5% quarterly) for non-qualified investors
Montpelier, VT
Vermont
The Alchemist Fund
2014 - Present (12 years)
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