Fri, Jun 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

New fund based on historic special situation investments achieves 2012 performance of 25.91%

Thursday, January 24, 2013

By Beverly Chandler, Opalesque London:

In a communication to investors obtained by Opalesque, New York-based Cruiser Capital LLC announced that it had returned +2.34% in December and +25.91% for 2012, net of fees and expenses. Over the same period, the S&P 500 Total Return index returned +.91% and +15.99.

In his letter to investors, Keith M. Rosenbloom, Managing Member of Cruiser Capital, explained that he had only recently formalised the pool of public special situation investments he had been making since 2009 in the form of a fund. Cruiser Capital LLC was formed on January 1, 2012.

The fund’s strategy is to look for public companies that are trading at valuations well below what private buyers would pay for them. Rosenbloom writes: "We frequently screen for these valuation anomalies and occasionally find a few that offer a compelling return. We note that the average price movement of each stock in the S&P 500 is greater than 40% within each year for the last 12 years. It is common for the stock prices of companies to change dramatically due to a myriad of events, news reports, competitor comments, etc. This dynamic often creates superior investment opportunities. An enterprise's value rarely changes 40% in a 12 month period; our job is to be diligent and agile enough to find and take action when these types of opportunities arise."

Rosenbloom also looks for situations where, conversely, occasionally, a......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to