Tue, Jun 19, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers April 2013

Profiles - Eschler AM, RDA Capital speak about their fund

 

Eschler Recovery Fund counts on endless stock picking opportunities in North America Theron de Ris

The Eschler Recovery Fund follows an equity long/short strategy with a long bias, managed by a small, independent equity fund manager called Eschler Asset Management LLP, based in London. It was launched in October 2012 and has returned almost 17% since then (to March).

The fund currently features in Opalesque's Emerging Managers (Emanagers) database.

"The strategy is focused on equities and the approach is bottom up, concentrated, and value-oriented," Eschler's founding partner, Theron de Ris explained to Opalesque. "My focus is primarily North America, though up to a-third of holdings may be outside North America (mostly in Europe)."

This strategy is consistent with his experience as he has been involved with US equities for 18 years and ran a fund for two years (2010-2011), which generated good results from its US equity exposure. But it is not only his experience that gives the strategy its geographical focus, he says, it is also the "endless opportunities" that can be found in the North American market.

He goes on to explain that the strategy is highly concentrated (usually five to 10 positions with a maximum of 15). Each position could either be a basket of stocks or a single company. "It is a conviction strategy," he says.

De Ris invests in two types of investments: "The first is companies with franchise qualities that for one reason or another are under a cloud or experiencing a temporary difficulty, but that have underlying asset value and strength in cash flow. The......................

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. Lyxor recommends stockpicking strategies, L/S equity hedge funds well equipped for turbulent markets[more]

    Matthias Knab, Opalesque: Market developments in May saw some trend reversals across the fixed income and commodity space. On the one hand, the unfolding of the Italian political crisis coincided with a rebound of U.S. Treasuries during the second half of May. On the other hand, the rising likeli

  2. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  3. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  4. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  5. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a