Investment Advisers Act of 1940
Release No. 2262 / July 12, 2004

Admin. Proc. File No. 3-11201


In the Matter of

Nevis Capital Management, LLC, David Wilmerding, III, and Jon C. Baker



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Order Directing Distribution of Disgorgement Fund

On April 30, 2004, the Commission published notice of the Plan of Disgorgement Fund Distribution ("Plan") proposed by the Division of Enforcement ("Division") in this proceeding. The Plan proposed that the funds paid by Nevis Capital Management, LLC, David R. Wilmerding, III, and Jon C. Baker, comprised of disgorgement and prejudgment interest in the amount of $10,000.00 each, and civil penalties in the amounts of $1,690,000.00, $140,000.00, and $140,000.00, respectively, or a total of $2,000,000.00, be distributed to clients of Nevis Capital as of December 1, 1998, who were otherwise eligible but were not given the opportunity to participate in IPO investments. The Plan was approved on June 4, 2004. The Commission's staff has employed reasonable efforts to locate the claimants identified in the Plan and to gather information as contemplated by the Plan, and has succeeded in contacting and obtaining information from all potential claimants. The Administrator of the Plan has sought an order of the Commission authorizing distribution to claimants in accordance with the terms of the Plan.

Accordingly,

IT IS ORDERED that the Office of Financial Management shall make the following distributions1 no later than the earlier of (i) 30 days after the expiration of the time for appealing this Order, or (ii) in the event this Order is appealed, 30 days after the final resolution of the appeal:

CLAIMANT

DISTRIBUTION

INDIVIDUAL ACCOUNT HOLDERS:

 

Abanco Investments, Ltd.

$80,625.39

American Bible Society

$105,408.78

Associated Sulpicians of the U. S. Inc.

$10,062.92

A.W. Jones Company

$45,604.31

George M. Bard

$3,556.71

Small Cap Fund LP

$64,948.25

Michael J. Batza, Jr.

$7,372.62

Patricia K. Batza

$2,140.84

Batza 1980 Trust

$2,301.49

Margaret M. Bloom

$1,574.00

Bowen Family Partnership

$7,219.44

Walter & Margaret Brewster

$6,044.92

Margaret Brewster

$1,550.02

Walter Brewster

$1,550.03

The Bunting Family II Limited Liability

$55,126.38

Kimberly H. Cashman

$1,901.64

Cavanaugh Investment L. P.

$6,730.18

Chesapeake Bay Foundation

$10,712.86

Children's Hospital of Philadelphia

$79,423.90

Corporation of Roman Catholic Clergymen

$18,309.48

Kathleen D. Solomon

$501.52

Sharon D. Love

$501.52

Deborah D. McChesney

$501.52

Anne D. Langhoff

$501.52

Donner Canadian Foundation

$86,523.44

William H. Donner Foundation, Inc.

$33,560.75

Duke U. Employees' Retirement Plan

$29,582.93

Duke Management/Long Term Pool

$135,765.70

Edward K. Dunn, Jr. IRA FCC as Custodian

$5,684.44

Camilla M. Eagan

$2,087.49

Charles C. Fenwick, Sr. Revocable Trust

$4,560.20

Field Equity Partners

$57,094.87

Richard B. Fisher

$2,894.61

First Quadrant Investor's LP

$26,381.36

Free State Investment Syndicate, LLP

$6,773.57

Gap, Inc.

$6,882.56

Leonie Labrot Gately Revocable Trust

$4,227.72

Gilman School, Inc.

$18,789.46

Jeffrey K. Gonya, Trustee, Irrevocable Trust Agreement of Elizabeth W. Glascock dated 3/10/94

$2,137.65

The Proprietors of Green Mount Cemetery

$8,801.71

Benjamin Griswold, III

$5,062.12

Griswold Family Trust Investment Partnership

$8,934.67

Katherine H. Peters

$2,330.56

Martha Head Revocable Trust

$3,951.10

Martha Head Trust

$4,780.36

Hillview Alpha Fund

$66,889.18

Joan McH. Hoblitzell

$5,150.66

D. Luke HopkinsTrust

$2,491.70

Fitzgerald Hudson/Hudson Group Partnership

$6,160.29

William S. Jeffries

$3,716.61

Johns Hopkins Hospital Endowment

$44,239.84

J.M.I. 1992 L.P.

$28,387.78

Katherine M. Jones

$2,066.89

Natalie W. Keenan

$1,960.68

Patricia Keesee

$11,746.87

Michael Kernan

$1,928.74

Katherine Kernan

$1,928.74

Frances Kernan

$1,928.74

Carl W. Knobloch, Jr. 8/25/69 Trust

$35,606.73

Lawrenceville School

$39,129.86

Peter O. Lawson-Johnston

$6,213.51

John & Nancy Leahy

$1,491.83

Linehan 1982 Children's Trust fbo Brendan Linehan

$1,272.74

Lineham 1982 Children's Trust fbo Charles Linehan

$1,272.74

Lineham 1982 Children's Trust fbo John Linehan

$1,272.74

Earl L. Linehan

$9,266.97

Lipitz Family LP

$1,669.05

Lipitz Family Limited Partnership

$2,177.31

Ocean Assets LLC

$5,686.74

Suzanne F. and John A. Luetkemeyer

$9,154.66

Benedict P. Macrory

$1,368.13

Cecily E. Macrory

$1,268.59

Lucinda M. Weatherby

$1,256.10

Maud D. Macrory

$1,291.95

Marianist Province of the U.S.

$3,316.90

Joan C. Martin

$6,977.38

L. Lowry Mays

$25,012.52

Charlton M. McLean

$2,234.12

McLean Rev. Tr. Custody Combined

$4,569.92

The Memorial Foundation, Inc.

$19,718.01

Robert E. Meyerhoff

$31,824.01

Jane B. Meyerhoff

$10,832.24

Meyerhoff Trusts

$28,659.66

Meyerhoff Charitable Income Trust

$7,696.88

Hon. Anthony T.S. Montagu

$50,818.08

The NCM Business Trust

$78,644.02

William S. Paley Foundation, Inc.

$10,685.35

William S. Paley Foundation, Inc. William S. Paley Foundation Museum Fund

$23,639.44

William S. Paley Foundation, Inc. William S. Paley Foundation Park Fund

$4,873.76

Piper Marbury Rudnick & Wolfe LLP Profit Sharing and 401(k) Savings Plan, Bank of Oklahoma, N.A., Trustee

$17,548.60

Mary C. Pitt Trust

$5,916.15

P&M Nevis Limited Partnership

$8,234.74

The Price Irrevocable Trust

$8,012.40

Arnold Richman

$6,817.23

Richman 1986 Children's Trust fbo Cara Michelle Richman

$1,008.48

Richman 1986 Children's Trust fbo Lauri Gale Richman

$1,008.48

Richman 1986 Children's Trust fbo Katherine Stephanie Richman

$1,008.48

T. T. Semans, Jr.

$2,139.98

Slade, Inc.

$21,625.75

C. Van Leuven Stewart

$7,734.11

St. Mary's Seminary/University

$12,980.15

R.E.S. III, F.S.M., C.W.T. Jr. TTEE U/W RES, Jr. fbo RES III

$7,341.63

A. Herman Stump, Jr.

$1,428.26

Tennis Capital Inc

$19,770.94

Transylvania University

$7,361.93

United States Golf Assoc. Golf House

$43,690.76

Wetzel & Lanzi

$7,343.48

P. B. Weymouth, III

$1,994.37

Nancy Brewster White Trust

$1,953.55

Wit's End Partnership

$6,007.80

Woodbourne LLLP c/o Pierce B. Dunn, GP

$3,394.54

James B. Wyeth

$1,540.25

Phyllis M. Wyeth

$3,425.03

The Earl of Yarborough

$1,577.13

NEVIS L.P. INVESTORS:

 

Royston Mueller McLean & Reid

$3,232.68

Mr. Sheldon Katz

$3,644.77

Ann K. Macrory

$2,771.82

Mrs. Eliza M. Gowen

$1,014.61

Charles H. Mellon, IV

$1,009.70

Margaret M. McLean

$990.65

Helen M. & F. Michael Heller

$990.65

Dr. Jay T. Last

$3,524.96

Mr. Chadwick H. Carpenter

$3,193.58

Joseph Ramsey Martin Jr, Revocable Trust

$2,760.23

Bowen Family Partnership

$2,452.06

Mary E. Clay

$435.51

Johnson C. Clay

$871.02

Brutus J. Clay, III

$725.85

James E. Clay

$580.68

Catesby W. Clay, Jr.

$580.68

Amelia F. Clay

$871.02

Katherine E. Clay

$435.51

Catesby W. Clay

$2,781.79

Jay M. Wilson

$2,781.83

C. T. Fuller

$2,142.12

Ava F. Roosevelt Revocable Trust U/A/D 6/29/94

$3,309.79

Keyser Family Trust

$2,235.04

The Field Company, LLC

$4,094.12

Mr. Robert J. Doub

$2,235.04

Mr. Alexander Wilmerding

$1,258.09

Florence S. Mc Donough Trust

$1,928.54

D. Lucas McDonough

$1,928.54

Katherine McDonough

$3,116.32

Frank & Sunny Adams - Tenants by the Entireties

$3,703.84

Michael L. McDonough

$1,928.54

Robert Bland Smith as Trustee for Winthrop Benbury Bland Smith Under the District of Columbia Uniform Gifts to Minors Act

$2,445.36

Mrs. O. Donaldson Chapoton

$4,897.68

Peter O. Crisp

$4,081.40

Emily R. Crisp

$2,040.70

Tina C. Miller

$2,040.70

Ms. Wendy C. Henderson

$2,040.70

Ann C. von Stade

$2,040.70

Grayce B. Kerr Fund

$14,182.32

James A. Eiting

$1,139.20

Mr. Charles L. Lea, Jr.

$2,920.60

O. Donaldson Chapoton IRA

$1,012.55

Eric J. Gleacher

$26,431.72

The KDB Family LLC

$881.28

The Crisp Family Trust

$1,228.53

NEVIS GROWTH FUND INVESTORS:

 

Tennis Capital

$19,287.28

Morgan Bartolini

$17,316.03

William M. Bartolini

$ 426.69

Mr & Mrs. Donaldson Chapoton

$ 2,050.63

Mr. Robert Feitler

$ 4,428.99

Mrs. Rose Ellen Greene

$ 1,565.15

Stefan A. Halper

$ 861.89

Gramma Fisher Foundation

$ 4,428.99

Mr. Mark T. Massey

$ 3,490.73

Mr. Neil A. Meyerhoff

$ 2,878.84

David M. Weekley

$ 3,900.60

RWW Family Partnership, Ltd.

$12,887.04

Weyanoke L. P.

$ 7,801.19

Jon Price - The AB IV LLC

$ 3,994.06

D'Anna Grandchild Trust

$ 4,428.99

For the Commission, by its Secretary, pursuant to delegated authority.

Margaret H. McFarland
Deputy Secretary


Endnotes

1 Distributions reflected in this Order may appear to be at slight variance with those set forth in the Plan because: (a) a number of the Nevis Capital account holders had/have restricted accounts and, thus, are/were ineligible to participate in IPO investments and, as such, these individuals/accounts were not eligible claimants under the terms of the Plan; (b) certain entities which were accountholders have since been dissolved and, therefore, this Order reflects distributions to be made to the legal successors to those entities; and (c) the names of certain accountholders have been corrected.