Fri, Sep 19, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali