Mr. Horn founded Persimmon Capital Management, LP in December of 1998 to provide investment consulting services to family offices, high net worth families, foundations and endowments. In 1999, Mr. Horn also founded Persimmon Research Partners, Inc., now known as ADVISORport, Inc., a PFPC Worldwide, Inc. subsidiary. ADVISORport provides technology and operational infrastructure outsourcing services to enterprise financial services companies such as Charles Schwab, SunTrust, and Nationwide. Assets under administration at ADVISORport have grown from $400 million in 1999 to over $100 billion today. ADVISORport has been sold to PFPC Worldwide, a division of PNC Financial. Most recently, Persimmon Capital’s principals and a former co-founder of ADVISORport, formed AlphaHedge Capital Partners, LLC, a platform developed to deliver the strategies of carefully researched and selected long/short equity hedge funds in a separately managed account providing advisors and their clients with access to these talented fund managers in a Transparent, Liquid structure controlled by the investor (www.alphahedge.com).
Prior to the formation of Persimmon, Mr. Horn was the President and co-founder of Ashbridge Investment Management, Inc., where he developed all facets of the investment consulting capacity for a family holding company. Assets under supervision reached nearly $1 billion by 1998. Prior to Ashbridge, Mr. Horn was a Vice President of Mellon Bank, heading the Personal and Family division of Mellon Private Capital Management, the high net worth group within Mellon’s Trust Department. Prior to Mellon, Mr. Horn was employed at Mid-Atlantic Companies where he headed the asset management group. Previous to Mid-Atlantic Companies, Mr. Horn was a Vice President for the real estate investment banking arm of American Express. Mr. Horn is a graduate of the University of Wisconsin, where he received a bachelor’s degree and an MBA.