¶ David Rogers Webb
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/ ↩︎