¶ David Rogers Webb
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David Rogers Webb is an American investment manager based in Stockholm, Sweden. His wife is named Valerie, with whom he has three children named Chelsea, Zachary and Hannah.[1][2]
¶ History
Webb received a Bachelor of Science in Business Administration from Miami University in Oxford, Ohio.[3]
¶ Career
Webb began his career on Wall Street as a technical representative for CompuServe.[4]
Webb worked as an associate for Oppenheimer & Co. in New York from 1983-1987.[3:1] Adam Solomon hired Webb to work at E.M. Warburg, Pincus & Co. in September 1987, where he remained as an associate until 1990.[4:1]
Webb and his family moved to Cleveland Heights in 1990. He worked as an investment manager and principal for Primus Venture Partners from 1990-1993[5] before joining Shaker Investments as executive vice president in December 1993.[1:1][3:2][6] He was the principal portfolio manager for Shaker Investments, L.P., established in 1996; the Cayman Islands-based Shaker Heights Investment Fund Ltd., established in 1997; and Shaker Investments (QP), L.P., established in 2000.[7] Webb shorted telecommunications stocks in 2001 prior to the September 11, 2001 terror attacks.[8]
According to Webb, he was invited to meet with George Soros at the offices of Soros Fund Management in New York during the dot-com crash, and for a second time in 2003.[2:1]
Webb incorporated Verus Investment Management in December 2002 and signed a lease for office space.[9][10] He left Shaker Investments in January 2003, which "slashed a gaping hole in the side of" the firm, "both from a financial and a personnel standpoint."[11] He brought 24 of his former colleagues from Shaker Investments, including Dan Flaningan, Brenton Luce and Bryan Moloney.[12]
In late 2004, Verus suffered significant losses, leading it to default on its commercial lease and file for bankruptcy.[10:1]
¶ Publications
- The Great Taking (edited by Michael Palmer)
- June 21, 2023: Version 1.0
- November 28, 2023: Version 1.2
¶ Videos
- October 2, 2023: THE GREAT TAKING: Who Really Owns YOUR Assets??? with Ivor Cummins
¶ External links
¶ Further reading
- December 18, 2023: The Great Taking – or the Great Misconception by Martin Armstrong
David Webb. Crain’s Cleveland Business. Retrieved November 29, 2023, from http://archive.today/2023.11.29-003039/https://www.crainscleveland.com/awards/david-webb ↩︎ ↩︎
Webb, D. R. (2023). The Great Taking (M. Palmer, Ed.; 3rd ed.). https://web.archive.org/web/20231128225517/https://img1.wsimg.com/blobby/go/1ee786fb-3c78-4903-9701-d614892d09d6/taking-ebook-c044a5e.pdf ↩︎ ↩︎
Biographies. Shaker Investments. Retrieved October 13, 2002, from http://archive.today/2002.10.13-191527/http://www.shakerinvest.com/about/prof_bio.htm ↩︎ ↩︎ ↩︎
Hemmelgarn, E. P., Solomon, A., & Webb, D. R. Annual Report 2001. Shaker Investments. Retrieved February 23, 2004, from https://web.archive.org/web/20040223041234/http://www.shakerinvest.com/reports/docs/ShakerAR2001.pdf ↩︎ ↩︎
Various sources say Webb started at Primus in either 1990 or 1991. ↩︎
The Shaker philosophy. (2002, January 14). Risk.net. http://archive.today/2023.11.29-010706/https://www.risk.net/asset-management/hedge-funds/2247303/shaker-philosophy ↩︎
Hedged Growth Equity Funds. (2002, July 1). Shaker Investments. http://archive.today/2002.10.26-180731/http://www.shakerinvest.com/about/products_hedge.htm ↩︎
Scholl, J. (2001, April 30). Hedge This! Barron’s. http://archive.today/2023.09.11-181242/https://www.barrons.com/amp/articles/SB988414765475016573 ↩︎
Verus Investment Management, L.L.C. - Organization/Registration of Limited Liability Company. (2003, January 7). Ohio Secretary of State. https://bizimage.ohiosos.gov/api/image/pdf/200300801100 ↩︎
Morgenstern-Clarren, P. E. (2005, May 9). Verus Investment Management, LLC - Case No. 04-26426. United States Bankruptcy Court, Northern District of Ohio, Eastern Division. https://web.archive.org/web/20231129021729/https://www.ohnb.uscourts.gov/sites/default/files/opinions/op-20050509-re-verus-investment-management-llc-pmc_0.pdf ↩︎ ↩︎
Cornell, R. (2003, February 24). Shakeup hits Shaker firm. Crain’s Cleveland Business. http://archive.today/2023.09.25-214247/https://www.crainscleveland.com/article/20030224/SUB/302240705/shakeup-hits-shaker-firm ↩︎
Schneyer, F. (2003, February 4). Webb Strikes Out With New Hedge Fund. PLANSPONSOR. http://archive.today/2023.11.20-005341/https://www.plansponsor.com/webb-strikes-out-with-new-hedge-fund/ ↩︎