Thu, Sep 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers December 2012

Profiles - Two emerging managers, Tower Capital and Fat Pitch, speak about their new fund

Fat Pitch Capital aims to be right over time, not all the time

Fat Pitch Capital, LP is a long-biased global value partnership that is modeled after the original Buffett- Munger partnership. It aims to be right over time and does not want to fall into a trap of trying to be right all the time.

It is a Delaware-domiciled investment partnership located in Charlotte, NC managing $4.5m in AuM, and it is currently featured in Opalesque Solutions' Emerging Managers Database.

In baseball jargon, a "fat pitch" means a pitch that is located exactly where the hitter is expecting it.

The fund focuses on investing for long term capital appreciation and capital preservation, and seeks to run a very concentrated portfolio of equity investments (primarily in North America) with the goal of acquiring companies with outstanding long-term economics at a reasonable price.

Before running Berkshire Hathaway both Warren Buffett and Charles Munger, ran investment partnerships. Munger is currently Vice-Chairman of Berkshire Hathaway, and Buffet describes him as his partner.

In an interview with Opalesque, Robert W. Deaton, CFA and Fat Pitch's portfolio manager said, "Our strategy is doing fine year-to-date but we would like to do better. We however, do not want to fall into the trap on trying to be right all of the time. We want to be right but over time. Moreover, time arbitrage is a competitive advantage in a market where we believe most are trying to out-guess the other guessers."

When asked how the fund's strategy is faring against the volatile market conditions, Deaton said that he and his team believe that discussing monthly performance is an "anathema" because "it is random and meaningless." He added, "again, we focus on longer term time horizons and only seek out like-minded L.......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner