Wed, May 25, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  3. Mitch Petrick leaves Carlyle as his hedge fund unit suffers losses while assets expand[more]

    Komfie Manalo, Opalesque Asia: Mitch Petrick will be leaving Carlyle Group as head of its hedge funds unit overseeing about $34bn as of March 31, after several funds under his management suffered losses while assets expanded, various media reported. Petrick joined Carlyle in 2010 and was a former

  4. Institutions - Kentucky pension leans into hedge funds amid governance turmoil, Korea's NPS names finalists for initial $1 billion hedge fund-of-funds allocation[more]

    Kentucky pension leans into hedge funds amid governance turmoil From AI-CIO.com: The Kentucky Retirement Systems moved to increase its hedge fund allocation as controversy reigned over fund leadership. Following a string of high-profile hedge fund exits, the Kentucky Retirement Systems (

  5. Fund Profile - The hedge fund that couldn't stay open long enough for a big payday[more]

    From Bloomberg.com: Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off. But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out your desk and unwind your trades, we’re shutting down. Th