Sat, Apr 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers January 2014

FUND PROFILES: Shorepath Capital, MitonOptimal, Blueshift Capital

Benedicte Gravrand, Opalesque Geneva: Scott Wallace

Scott Wallace, founder and CIO of a Chicago-based hedge fund startup called Shorepath Capital Management, ventured into the entrepreneurial world after more than 12 years at AllianceBernstein as a US Large Cap Growth Portfolio Manager and Team Leader, and 15 years at JPMorgan as a managing director.

His long-biased equity fund, Shorepath Opportunity Partners LP, was started in February 2013 and has been running on internal capital so far; it will launch officially as soon as external capital is raised. It returned approximately 39% (gross) in 2013.

Scott hopes to combine the long term, research-based stock selection skills from the long-only world with the unconstrained investing techniques and risk management skills from the hedge fund world. He aims to make thoughtful investment decisions, both long and short, irrespective of artificial divisions of asset class, style box, market cap, geography and above all, investment techniques.

Down with Balkanisation

The investment management business has become far too Balkanized, Wallace states, between long-only and alternative factions. Now is the time for a change.

"For quite a long time now, the investment management world has been separated into ever smaller boxes, from which you were not supposed to deviate," he tells Opalesque. "I understand how that came to pass. Now that the financial crisis is well behind us, a nimbler approach to investing, one with fewer constraints, is going to be the one that serves investors best. That is what I am doing with my fund."

The convergence trend within the investment management industry is indeed what he is trying to be part of. It was too chopped up before and "others and myself h......................

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n