Sun, Feb 1, 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. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would