Sun, May 28, 2017
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. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio