Following are target investment characteristics:
-
Event-Driven and Special Situations: Spinoffs, asset sales and other restructuring opportunities that offer outsized returns,
typically under covered by sell-side research and institutional investors
-
Post Bankruptcies and Recapitilizations: The complexity of evaluating accounting, structure and legal issues requires a
multidisciplinary approach that deters most investors
- Turnarounds: Roll-out of new products or strategic plan, where ability to accurately assess management is key
- Net Asset Values: Market value trading below Net Asset Value or Sum of the Parts
- Pack Leaders: Well-run companies with consistent long-term growth in sectors with favorable “tailwinds”
- Cyclicals: Outstanding, proven names at the low point in their the market cycle
