Clover Partners manages investment portfolios for a pooled investment fund and separately managed accounts, focusing primarily on financial services companies such as small and mid-cap banks, thrift conversions, and community banks. Clover Partners follows a value investment strategy that involves identifying undervalued securities and holding them until they reach their fair value. The firm is owned and operated by Michael I. Shafir and Michael C. Mewhinney, who oversee portfolio management and firm operations. Clover Partners generally requires a minimum investment of $1,000,000 for its fund, and investors must meet accredited investor and qualified client standards.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
Applies to the fund. Separately managed account fees are negotiated. In addition to asset-based fees, the fund pays a 20% performance fee on net profits for qualified clients.