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Stevens Capital Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Stevens Capital Management LP (SCM) is a hedge fund manager that operates out of Radnor, Pennsylvania. Through the four investment funds the firm manages, SCM has billions of dollars in assets under management (AUM), with a sizable group of advisory employees on staff.

As Stevens Capital Management is a hedge fund manager, its "client base" is comprised of four pooled investment vehicles, which are the funds it manages. These are the Tewksbury Investment Fund (TIF), Hamilton Fund Ltd. (HFL), the Tewksbury Futures Fund LP (TFFLP) and the Tewksbury Futures Fund Ltd. (TFF).

Stevens Capital Management Background

Stevens Capital Management was founded in 2002 by the firm’s current CEO, Matthew S. Tewksbury. Adams Holdings, LLC, a financial services holding company, owns Stevens Capital Management. Matthew Tewksbury and his family own Adams Holdings, making him the indirect owner of the firm. Employees at SCM hold a variety of certifications, including certified public accountant (CPA) and chartered financial analyst (CFA).

Stevens Capital Management Investment Philosophy

Whereas some firms utilize a standard strategy to govern their investment decisions, Stevens Capital Management is open to a wide range of investments, including both exchange-based securities and privately negotiated transactions. SCM has no preference in regards to the time horizon of these investments, so they may live in the funds’ portfolios for either the long- or short-term.

Stevens Capital Management engages in frequent trading, which is a common practice among hedge fund managers. Because of this, the firm reasonably expects to spend more in transaction costs than other investment firms might. SCM even states in its Form ADV that “transaction costs negatively impact the performance of the funds.”

Largest Hedge Funds Managed by Stevens Capital Management

Tewksbury Investment Fund, Ltd.

AUM: $2,124,920,289
Minimum: $1,000,000
Beneficial Owners: 77

Tewksbury Futures Fund, Ltd.

AUM: $1,186,534,957
Minimum: $1,000,000
Beneficial Owners: 7

Fees at Stevens Capital Management

Stevens Capital Management receives a 2.50% non-negotiable annual management fee for its services. This rate is based on the net asset value (NAV) of each investor’s shares in the Tewksbury Investment Fund. SCM charges this fee at the beginning of every month, in arrears.

Beyond this, SCM is paid what it calls an “incentive fee” that’s based on any increases in cumulative fund appreciation since the previous incentive fees were charged. This fee will be equal to 30% of this additional appreciation.

What to Watch Out For

Based on its Form ADV, Stevens Capital Management does not have any disclosures to its name. Therefore, it has a clean legal and regulatory record in the eyes of the U.S. Securities and Exchange Commission (SEC).

Opening an Account With Stevens Capital Management

If you’re interested in investing in either the Tewksbury Investment Fund or the Hamilton Fund Ltd. that Stevens Capital manages, it would be best to contact the firm directly. If you prefer to speak over the phone, you can reach SCM at (610) 971-5000.

All information is accurate as of the writing of this article.

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How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research