BASSWOOD CAPITAL MANAGEMENT, L.L.C. Profile
Basswood Capital Management, L.L.C. is an investment management firm based out of New York City, New York. The company was originally established in 1998 and has grown from its inception to now operate with 15 total employees, of which 9 are investment professionals, and is owned by its employees. Basswood Capital Management conducts its research internally, utilizing a fundamental methodology to make its investment decisions. The company invests in the value stocks of companies and event driven strategies, focusing on the public equity and fixed income markets on a global scale. Basswood Capital Management invests most heavily in the finance sector, which alone makes up over three quarters of the firm’s total asset allocations, and also invests in the industrials and consumer discretionary sectors, among other sectors such as information technology and transports to a lesser degree, in order of decreasing allocation. The company holds its allocations for just under 12 quarters on average and holds its top 10 allocations, which make up a quarter of the firm’s total holdings, for 12.6 quarters on average. Basswood Capital Management manages over $2.2 billion in total assets under management spread across 17 total accounts, all of which are discretionary accounts. Both of Basswood Capital Management’s total number of accounts and total assets under management have been increasing in recent years with its total assets under management increasing from $350 million back in 2011 to well over 6 times that amount today. The company mainly caters to pooled investment vehicles, which alone makes up over 90% of its client base and over three quarters of its total attributed assets, and also provides services to investment companies, which makes up the rest of its clientele. Basswood Capital Management takes advisory fees in the form of a percentage of assets and various performance based fees.