Verus Investment Management was an American investment firm based in Highland Hills, Ohio.
David Rogers Webb incorporated Verus Investment Management in December 2002 and signed a lease for office space.[1][2] 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.”[3] He brought 24 of his former colleagues from Shaker Investments, including Dan Flaningan, Brenton Luce and Bryan Moloney.[4]
In late 2004, Verus suffered significant losses, leading it to abandon its office space and subsequently file for protection under chapter 7 of the Bankruptcy Code on December 31, 2004.[2:1]
It does not necessarily appear as though Verus officially closed its doors, and it remains actively registered to operate in the State of Ohio.[5] Furthermore, there don’t appear to be any complaints or other such filings available through the U.S. Securities and Exchange Commission (SEC).[6]
However, various actions were taken to wind down operations of the firm that suggest it functionally ended its business. A February 7, 2005 issue of the Cayman Islands Gazette reveals that Verus Investment Fund Ltd. had entered voluntary liquidation.[7]
Verus was made up of a number of corporations:[8]
| Name | Position | Notes |
|---|---|---|
| David Rogers Webb | Founder[2:2] | Shaker Investments, Primus Venture Partners |
| Tom Bartos | Team member[10] | - |
| Michelle Blatnik | Team member | - |
| Martin Christ | Team member | - |
| Matt Clemens | Team member | - |
| Andrew Cohen | Team member | - |
| Debbie Crane | Team member | - |
| Andrea Hauserman | Team member | - |
| Brent Luce | Team member | - |
| Rob Novosel | Team member | - |
| Ken Ostrowski | Team member | - |
| George Raguz | Team member | - |
| Nellie Renko | Team member | - |
Companies in Verus' portfolio included:[11][12][13][14][15][16][17]
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/ ↩︎
Business Details - Verus Investment Management, L.L.C. Ohio Secretary of State. Retrieved December 11, 2023, from https://businesssearch.ohiosos.gov/?=businessDetails/1361191 ↩︎
Available at https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001225586&owner=include&count=40&hidefilings=0 ↩︎
Gazette Office, Government Information Services, Cayman Islands Government. (2005, February 7). VERUS INVESTMENT FUND LTD. Cayman Islands Gazette, 2005(3), 104, 116. https://web.archive.org/web/20220712165644/http://gazettes.gov.ky/portal/pls/portal/docs/1/11524237.PDF ↩︎ ↩︎
Home. Verus Investment Management. Retrieved January 28, 2004, from http://archive.today/2004.01.28-171032/http://www.verusinvestment.com/ ↩︎
Verus Investment Offshore Partners LP. Dato Capital. Retrieved December 12, 2023, from https://web.archive.org/web/20231212004754/https://www.datocapital.ky/companies/Verus-Investment-Offshore-Partners-Lp.html#details ↩︎
Home. Verus Investment Management. Retrieved November 27, 2004, from http://archive.today/2004.11.27-063957/http://verusinvestment.com/ ↩︎
Kilburg, K. (2003, April 22). Form 13F - Report for the Calendar Year or Quarter Ended: 03-31-2003. Securities and Exchange Commission. http://archive.today/2023.11.30-051842/https://www.sec.gov/Archives/edgar/data/1225586/000122558603000003/template033103.txt ↩︎
Kilburg, K. (2003, August 19). Form 13FHR/A Amendment No. 1 - Report for the Calendar Year or Quarter Ended: 03-31-2003. Securities and Exchange Commission. http://archive.today/2023.12.02-011023/https://www.sec.gov/Archives/edgar/data/1225586/000122558603000006/template033103revised.txt ↩︎
Kilburg, K. (2003, November 12). Form 13F - Report for the Calendar Year or Quarter Ended: 09-30-2003. Securities and Exchange Commission. http://archive.today/2023.12.02-011419/https://www.sec.gov/Archives/edgar/data/1225586/000122558603000008/template093003.txt ↩︎
Christ, M. (2004, May 13). Form 13F - Report for the Calendar Year or Quarter Ended: 03-31-2004. Securities and Exchange Commission. http://archive.today/2023.12.02-012817/https://www.sec.gov/Archives/edgar/data/1225586/000122558604000011/template033104.txt ↩︎
Christ, M. (2004, May 13). Form 13F - Report for the Calendar Year or Quarter Ended: 12-31-2003. Securities and Exchange Commission. http://archive.today/2023.12.02-014355/https://www.sec.gov/Archives/edgar/data/1225586/000122558604000012/template123103.txt ↩︎
Christ, M. (2004, August 13). Form 13F - Report for the Calendar Year or Quarter Ended: 06-30-2004. Securities and Exchange Commission. http://archive.today/2023.12.02-015217/https://www.sec.gov/Archives/edgar/data/1225586/000122558604000015/template063004.txt ↩︎
Christ, M. (2004, November 12). Form 13F - Report for the Calendar Year or Quarter Ended: 09-30-2004. Securities and Exchange Commission. http://archive.today/2023.12.02-015521/https://www.sec.gov/Archives/edgar/data/1225586/000122558604000018/template093004.txt ↩︎