Zweig-DiMenna Associates LLC

Zweig-DiMenna Associates LLC is a hedge fund sponsor based out of New York City, New York. The company was originally established in 1983 by cofounders Martin E. Zweig and Joseph A. DiMenna, Jr., both of whom are still with the company acting as managing directors, and has grown from its inception to now operate with 47 total employees of which 24 are investment professionals. Zweig-DiMenna Associates mainly conducts its research internally, although it also utilizes out of house research to complement its in-house efforts. The firm utilizes a fundamental methodology to invest in the public equity markets on a global scale, utilizing long and short equity strategies. Zweig-DiMenna Associates invests most heavily in the consumer discretionary, information technology, and health care sectors, each of which make up over a fifth of its total asset allocations, and also invests in the consumer staples, energy, and finance sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations an average of just over 3 quarters although the firm only holds its top 10 allocations for a single quarter on average. Zweig-DiMenna Associates, in the most recent quarter, has had a turnover rate of approximately 75.4%. The company currently oversees over $1 billion in total assets under management spread across 4 total accounts, all of which are discretionary. Although the company’s total number of accounts has remained steady in recent years, its total assets under management has been on a decreasing trend, declining from $1.6 billion back in 2014 to its current amount today. Zweig-DiMenna Associates currently caters exclusively to pooled investment vehicles. The company takes advisory fees in the form of a percentage of assets and various performance based fees. Zweig-DiMenna Associates is employee owned by Joseph A. DiMenna holding the controlling majority in the company.