Mon, Apr 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Chicago startup embraces investment management divergence trends with nimble long-biased equity fund

Tuesday, January 07, 2014

amb
Scott Wallace
Benedicte Gravrand, Opalesque Geneva, for New Managers:

Scott Wallace, founder and CIO of a Chicago-based hedge fund startup called Shorepath Capital Management, ventured into the entrepreneurial world after more than 12 years at AllianceBernstein as a US Large Cap Growth Portfolio Manager and Team Leader, and 15 years at JPMorgan as a managing director.

His long-biased equity fund, Shorepath Opportunity Partners LP, was started in February 2013 and has been running on internal capital so far; it will launch officially as soon as external capital is raised. It returned approximately 39% (gross) in 2013.

Scott hopes to combine the long term, research-based stock selection skills from the long-only world with the unconstrained investing techniques and risk management skills from the hedge fund world. He aims to make thoughtful investment decisions, both long and short, irrespective of artificial divisions of asset class, style box, market cap, geography and above all, investment techniques.

Down with Balkanisation The investment management business has become far too Balkanized, Wallace states, between long-only and alternative factions. Now is the time for a change.

"For quite a long time now, the investment management world has been separate......................

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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its