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Värde Partners 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.

Värde Management, LP, otherwise known as Värde Partners, is a large Minneapolis-based hedge fund with almost $21 billion in assets under management (AUM). The firm employs a team of around 100 financial advisors who manage the investment functions at the firm, in addition to a large team of individuals who help manage other aspects of Värde Management's operations.

In total, the firm is responsible for 87 funds, many of which are hedge funds. In this capacity, the firm makes and manages investments for all of its funds. Specific investments and investment strategies vary based on the fund, though.

While only certain high-net-worth people are eligible to get in on hedge funds, it's not too late to get started investing with the help of a local financial advisor.

Värde Management Background

Värde Management has been operating as a hedge fund and investment management firm since it was founded in 1993. From then on, it has expanded to several countries around the world. Aside from its headquarters in Minneapolis, the firm has offices in London, Singapore and New York, as well as other offices in Asia and Europe.

Värde has 16 partners, and they work at and own the firm together, along with one retired partner who has an ownership stake. These current and former partners own 100% of the firm as a group. The firm has its roots in credit markets and distressed investments.

Värde Management Investment Philosophy

Värde Management's overarching investment philosophy varies depending on the fund. Some funds may combine multiple strategies, while others may be more limited when it comes to its guiding principles.

On a broad level, the firm describes its firm-wide investment philosophy as applying "a rigorous, fundamental, value-based approach with a view of value across the liquidity spectrum, as well as the full capital structure of individual investments."

All portfolios and funds at Värde are built to minimize downside risk, which is the way most hedge funds operate. The firm uses both quantitative and qualitative analysis, and its major investment teams focus on the following:

  • Corporate and traded credit
  • Mortgages
  • Financial service
  • Real estate
  • Real assets and infrastructure

Largest Hedge Funds Managed by Värde Management

The Värde Fund XIII, LP

  • AUM: $3,187,399,920
  • Minimum: $10,000,000
  • Beneficial Owners: 237

The Värde Fund XII (Master), LP

  • AUM: $2,472,161,889
  • Minimum: $10,000,000
  • Beneficial Owners: 217

Värde Investment Partners, LP

  • AUM: $2,329,055,687
  • Minimum: $5,000,000
  • Beneficial Owners: 179

Värde Credit Partners Master, LP

  • AUM: $1,966,712,341
  • Minimum: $250,000
  • Beneficial Owners: 457

Värde Investment Partners (Offshore) Master, LP

  • AUM: $1,853,175,906
  • Minimum: $0
  • Beneficial Owners: 3

Fees at Värde Management

Värde Management charges fees to all of its funds based on a percentage of the fund's total market value. These fees vary depending on the fund and strategy. More information on specific fee schedules is included in the governing documents for any specific fund. You can also contact the firm for more information.

Värde Management also takes performance-based fees from certain funds. Similarily, these fees are based on the fund, so you'll want to review the governing documents to fully understand the fees for any given fund.

What to Watch Out For

Only accredited investors can invest in hedge funds. To be an accredited investor, you must have at least $200,000 of earned income ($300,000 for couples) in each of the past two years, as well as a reasonable assumption that the same will be true for the current year. If you have at least a $1 million net worth (minus the value of your primary residence), either on your own or together with a spouse, you are also considered an accredited investor.

Based on its Form ADV, Värde Management has a clean record in the eyes of the U.S. Securities and Exchange Commission.

Becoming a Client of Värde Management

Remember, you can only work with Värde Management if you're an accredited investor. If you think you meet these requirements as well as the others set by the firm, try reaching out directly. Your best bets are to either email or call the firm.

Investing Tips

  • A financial advisor might be a good resource for you to use if you want help managing your investments and following a long-term financial plan. Finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors, get started now.
  • When it comes to investing on your own, it pays to be prepared and knowledgeable. SmartAsset can help you navigate the often complicated world of investing. For example, try using our free investment calculator today.

How Many Years $1 Million Lasts in Retirement

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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.