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Alternative Market Briefing

Single A Capital eyes growth stocks

Thursday, December 28, 2017

Bailey McCann, Opalesque New York:

When Ajay Jani started $9 million Single A Capital five years ago, he'd just left a promising position at Gramercy Funds Management, where he was an emerging markets specialist. Out on his own, Jani opted to focus on building a strategy that involves running a concentrated portfolio of domestic growth stocks.

"What I wanted to do was build a fund around investment ideas that are based in the new economy," Jani explains in an interview with Opalesque. "The companies we are looking for are those that are benefitting from disruption and will define what the future economy looks like."

The strategy works like this - Jani manages a concentrated portfolio of 5-15 investments that he thinks have the potential for 20-25% percent gains. Companies in the portfolio are evaluated on an 18-month timeline. Jani will exit positions in specific companies earlier than 18 months or go to cash if market conditions change. "We monitor our portfolio monthly. I'm not out to fall in love with a company. If I allocate to a specific name and we don't see the growth we expect, we will exit very quickly - sometimes within 1-3 months. If our investment is doing well, then we'll stick with it to realize that 20-25% gain."

Stocks are chosen based on a proprietary method designed to identify new, growth-oriented companies. In addition to typical growth benchmarks like sales and share price, Single A's research team evaluates companie......................

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