1607 CAPITAL PARTNERS LLC SWIFT CODE
CPPCUS31 – 1607 CAPITAL PARTNERS, LLC
| SWIFT CODE | CPPCUS31 |
|---|---|
| BANK | 1607 CAPITAL PARTNERS, LLC |
| ADDRESS | 4991 LAKE BROOK DR, SUITE 125 |
| CITY | GLEN ALLEN |
| BRANCH | |
| POSTCODE | 23060 |
| COUNTRY | United States |
1607 Capital Partners Overview
1607 Capital Partners is an investment management firm focused on equity investments in small-cap U.S. companies. Headquartered in Richmond, Virginia, 1607 Capital Partners was founded in 1993 and has over $5 billion in assets under management. The firm utilizes a value-oriented investment philosophy centered on rigorous fundamental analysis to identify and invest in undervalued small companies poised for earnings growth.
History and Founding
1607 Capital Partners traces its origins back to the 1993 founding of Capital Management Sciences (CMS), which focused on quantitative analysis of U.S. equities. In 2007, CMS reorganized into an independent company named 1607 Capital Partners, establishing itself as a specialist investor in the small-cap equity asset class.
The firm’s name, 1607 Capital Partners, references Jamestown, Virginia – the first permanent English settlement in the Americas in 1607. This name reflects the firm’s commitment to long-term, permanent capital growth for its clients.
Understanding SWIFT Codes
SWIFT codes are standardized bank identifiers used to route international wire transfers. The codes always consist of 8 or 11 alphanumeric characters that identify details like the bank name, location, branch, and country. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. When sending or receiving a global payment, both parties need to provide their respective SWIFT codes.
Detailed Information on SWIFT Code CPPCUS31
Basic Details of SWIFT Code CPPCUS31
The SWIFT Code Itself
The SWIFT code CPPCUS31 belongs to 1607 Capital Partners and consists of 8 characters structured as follows:
CPPCUS31
Breaking it down:
- CPP – Identifies 1607 Capital Partners LLC
- CUS – Indicates the country (US)
- 31 – Denotes the location (Richmond, VA)
So in summary, SWIFT code CPPCUS31 is uniquely assigned to 1607 Capital Partners in the United States.
Associated Bank and Address
Full Bank Name: 1607 Capital Partners, LLC
Address: 4991 Lake Brook Drive, Suite 125, Glen Allen, VA 23060
The bank is located just outside Richmond.
Using SWIFT Code CPPCUS31 for Transactions
Sending International Payments
To send a wire transfer to 1607 Capital Partners, provide their SWIFT code CPPCUS31 along with your own SWIFT code to your bank or payment provider (Wise, PayPal, etc). This allows your transfer to be routed directly into their account.
You’ll also need to share the receiving account details like account number, name, and purpose of payment. Follow your bank or provider’s procedures for outgoing SWIFT transfers.
Receiving International Payments
To receive a payment from abroad using SWIFT code CPPCUS31, simply share the code with the sending party along with your account number and other details they request. As long as they include the exact SWIFT code, the funds will be sent directly to your 1607 Capital Partners account.
Their team can provide any information required by the sender as well. Reach out to them directly if you need any assistance with incoming transfers.
Benefits of Using Wise Over Traditional Wire Transfers
Lower Fees Compared to Banks
Banks notoriously charge very high fees for international wire transfers, usually a percentage of the total transfer amount. Wise offers more affordable fees – savings of up to 8x over banks in some cases!
For example, sending $10,000 USD from Canada to the US costs around $280 CAD with RBC. With Wise, that same transfer is only $36 CAD – 90% cheaper.
Faster Transaction Speeds
In addition to lower fees, Wise transfers reach the recipient account faster thanks to their use of local clearing systems rather than correspondent banks.
Most people receive Wise transfers on the same or next business day. With banks, recipients often have to wait 3-5 days excluding weekends and holidays.
Easy To Use Platform
Wise also provides a smooth, user-friendly platform to send money across borders. Simply create an account, connect your bank, add a recipient account, and make transfers in a few clicks via desktop or mobile app.
Their helpful customer support team is available as well if any questions come up during the process. It’s no wonder over 10 million people already use Wise.
Key Personnel
1607 Capital Partners is led by an experienced executive team with specialized expertise in U.S. small-cap investing:
- Fred Tattersall – Founder, Senior Advisor: Founding partner with over 40 years of investment experience. Former manager of a $15 billion quantitative U.S. equity strategy at Bank of America.
- Maria Mottley – President, Portfolio Manager: Over 25 years of investment experience. Led CMS/1607’s Small Cap Value and SMID Cap Value strategies from inception in 1999. Former small cap portfolio manager at UBS Global Asset Management.
- Ryan Kalkowsky – Vice President, Research Analyst and Portfolio Strategist: 15 years of research experience focused exclusively on small cap stocks. Plays a key role in the firm’s idea generation and portfolio construction processes.
Investment Strategies
1607 Capital Partners offers a range of equity investment strategies focused on U.S. small-cap companies:
- U.S. Small Cap Value: High conviction value portfolio of 50-90 undervalued small companies with catalysts for earning improvements.
- U.S. Small Cap Value Focus: More concentrated version of the U.S. Small Cap Value strategy with 25-50 holdings.
- U.S. Small/Mid Cap (SMID) Value: Combines the best small cap ideas from the U.S. Small Cap Value strategy with selective mid cap opportunities. Typically holds 90-120 stocks.
The firm manages these strategies across a variety of vehicles including institutional separate accounts, mutual funds, and other pooled investment vehicles.
Investment Products
1607 Capital Partners provides its investment strategies through the following products:
Separate Accounts
Customized accounts directly managed for institutional investors such as pension funds, endowments, foundations and family offices seeking a specialized U.S. small-cap value equities manager.
1607 Funds Trust
A suite of mutual funds designed to provide individual investors with access to 1607’s institutional investment strategies. Includes funds focused on U.S. small cap value stocks as well as balanced allocation funds.
Assets Under Management
As of December 2022, 1607 Capital Partners managed over $5 billion in total firm-wide assets across all its strategies. The majority of assets are invested in U.S. small cap value equities through the firm’s various institutional and mutual fund offerings.
Breakdown By Strategy
- U.S. Small Cap Value: $3.9 billion
- U.S. SMID Cap Value: $900 million
- Balanced Asset Allocation Funds: $300 million
Notable Clients
Over its 30-year history, 1607 Capital Partners has developed longstanding relationships with a prestigious set of institutional clients:
- Teacher Retirement System of Texas
- Employees Retirement System of Texas
- Virginia Retirement System
- North Carolina Retirement Systems
Investment Performance
1607 Capital Partners has a distinguished track record of strong risk-adjusted returns across its U.S. small cap value investment strategies:
Risk-Adjusted Returns
The U.S. Small Cap Value strategy has outperformed its benchmark on a total return and risk-adjusted basis over most annualized trailing periods. As of 9/30/2022, performance figures include:
- 1 Year: -11.38% vs. -15.40% benchmark
- 3 Years: 4.42% vs. 4.27% benchmark
- 5 Years: 4.26% vs. 2.60% benchmark
- 10 Years: 9.94% vs. 9.55% benchmark
The strategy has also exhibited lower volatility with a beta vs its benchmark of 0.92 since inception.
Benchmark Comparisons
1607 Capital Partners utilizes the Russell 2000 Value Index as its primary benchmark to evaluate the performance of its U.S. small cap value strategy relative to the overall U.S small cap value universe.
Relative Performance Analysis
Over most short-term and longer-term periods, the U.S. Small Cap Value strategy has consistently outperformed its benchmark:
- Outperformed in 18 out of 25 calendar years
- Outperformed over 80% of 3-year rolling periods
- Outperformed over 90% of 5-year rolling periods
This long-term track record of benchmark outperformance highlights the consistency of 1607’s small cap value investment approach.
Investment Philosophy & Process
1607 Capital Partners’ investment approach is grounded in the firm’s core philosophy centered on valuation, fundamentals-based research, and patience:
Investment Philosophy
- Invest in undervalued small companies with catalysts for near-term earnings improvement
- Utilize rigorous bottom-up research process to identify value opportunities selling below intrinsic value
- Exhibit patience allowing investment thesis to fully materialize over a long-term time horizon
Investment Process
1607 Capital Partners leverages a systematic, repeatable 4-step process to build diversified portfolios of undervalued small-cap companies:
Idea Generation
Proprietary quantitative screens of the small cap investment universe identifies companies exhibiting financial characteristics consistent with historical outperformance. Focus on metrics related to valuation, profitability growth, price momentum and earnings revisions.
Due Diligence
Fundamental research conducted on resulting watchlist to identify catalysts that will drive earnings growth and expand valuation multiples. Assess company management, industry trends, competitive positioning and other value drivers.
Portfolio Construction
Build concentrated, high active share portfolios representing the 40-60 most attractive undervalued opportunities. Focus on maximizing exposure to company-specific return drivers rather than macro-economic trends or sector/industry positioning.
Risk Management
Ongoing monitoring of fundamentals and valuation to ensure investment thesis remains intact. Review position sizing, manage outliers, and evaluate new information potentially altering the risk/reward profile. Willingness to sell holdings when investment case breaks down.
Distinct Advantages
1607 Capital Partners possesses diferentiating strengths supporting its long-term performance in U.S. small-cap value investing:
Experienced Team
Tenured portfolio managers and research team with specialized expertise in analyzing small, underfollowed companies. Insights and perspective gained from 25+ years exclusively focused on the U.S. small cap equity space.
Rigorous Process
Disciplined investment process consistently applied over decades through multiple market cycles. Combination of quantitative screens and fundamental analysis provides repeatable framework for identifying opportunities.
Focus on Smaller Companies
Willingness to pursue micro-cap ideas ignored by larger competitors focused strictly on larger benchmark constituents. Expands the opportunity for set for undiscovered, undervalued situations.
Long-Term Perspective
Patience to hold positions over multi-year periods allowing investment thesis to fully materialize. Enables capturing value creation over time rather than reacting to short-term price volatility.
Market Commentary & Outlook
Current Views
In the current late-stage economic environment, 1607 Capital Partners is positioning conservatively with a defensive posture, holding elevated cash levels near 10% and utilizing options strategies to manage risk. The firm continues tilting the portfolio towards higher quality companies with strong market positions and solid balance sheets capable of weathering volatility.
Positioning & Opportunities
Despite recession concerns, 1607’s bottom-up research process continues uncovering select opportunities selling at discounts to intrinsic value. The firm sees particular potential in beaten-down consumer discretionary stocks poised to benefit from pent-up post-COVID demand recovery over the long run. Ongoing geopolitical risks also highlight the strategic importance of domestically-focused small cap companies with relatively insulated end market exposure.
Frequently Asked Questions
What is 1607 Capital Partners’ AUM?
As of December 2022, 1607 Capital Partners has over $5 billion in assets under management invested primarily across its U.S. small cap value equity strategies.
Where is 1607 Capital Partners headquartered?
The firm is headquartered in Richmond, Virginia and has additional offices located in Pennsylvania and North Carolina.
What stock exchanges does 1607 Capital Partners invest in?
The firm invests exclusively in publicly traded U.S. small cap companies, typically with market capitalizations under $5 billion at time of initial purchase. Holdings are principally listed on U.S. exchanges such as the NYSE, NASDAQ and AMEX.
What investment vehicles does 1607 offer?
Investment vehicles include separately managed institutional accounts, mutual funds, CITs, UCITS and other pooled vehicles to meet the needs of diverse global client types.
How can I invest in one of 1607’s strategies?
Prospective investors can invest through a financial advisor or consultant with approved access to 1607’s strategies. The firm’s mutual funds provide individual investor access through most major broker-dealer platforms.
What is the full name of the bank associated with SWIFT code CPPCUS31?
The official bank name is 1607 Capital Partners, LLC. They are an investment management firm, not a traditional bank.
Can I use SWIFT code CPPCUS31 for domestic transfers?
No, CPPCUS31 is designed solely for cross-border international payments and wire transfers involving 1607 Capital Partners’ accounts.
Is there an updated or more recent SWIFT code for 1607 Capital Partners?
As of January 2024, CPPCUS31 is the valid active SWIFT code used by 1607 Capital Partners for international transactions to and from their accounts.
What currencies can I send with SWIFT code CPPCUS31?
You should be able to transact in most major currencies like USD, EUR, GBP, CAD, AUD and more. Check with your bank or Wise to see if any restrictions apply based on the currency.
Who regulates or oversees SWIFT code CPPCUS31?
SWIFT codes and international wire transfers fall under supervision from the US Federal Reserve, Consumer Finance Protection Bureau, FINRA and SEC. These bodies oversee 1607 Capital Partners as well.