Senator Wyden’s Son Starts Hedge Fund After D.E. Shaw Stint

U.S. Senator Ron Wyden’s son has started a hedge fund in the basement of the former family home. That doesn’t mean his father is getting in on the ground floor.

Adam Wyden, 26, started the fund under the name ADW Capital Partners LP and runs it from the Washington house that now belongs to his mother, according to a private placement notice filed last month with the U.S. Securities and Exchange Commission. The fund is modeled after the investment partnership billionaire Warren Buffett ran in the 1950s and 1960s before acquiring Berkshire Hathaway Inc., Adam Wyden said in an interview.