About Us

Established in 1989 and based in Washington, D.C., Marshfield Associated is a value equity money manager with $2.884 billion in assets under management as of September 30, 2019. Marshfield is owned by seven principals who have an average tenure of 22 years and who invest alongside the investors in the Fund. Marshfield actively manages the Fund, determining the composition of the Fund’s portfolio. In addition to managing the Fund, it also provides advisory services to institutional and private investors in separately managed accounts with a strategy similar to that of the Fund.

Meet Our Team

Hoffmann1
Elise J. Hoffmann

Principal
J.D., Yale Law School 1983
A.B., Princeton University 1980

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Christopher M. Niemczewski

Managing Principal
M.B.A., Columbia University Graduate School of Business 1977
B.A., Swarthmore College 1974

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Chad Goldberg, CFA

Principal
B.A., Stanford University 2003

Marshfield’s approach is consensus-based and highly disciplined, with the objective always being to understand what makes a company and its industry tick.

Find Out More

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Given the significant differences between separately managed accounts and mutual funds, investors should consider the differences in expenses, tax implications and the overall objectives between separately managed accounts and mutual funds before investing.  Past performance of the strategy/separately managed accounts is not indicative of future performance of the fund.