Sun, May 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2014

FUND PROFILES: Active Owners Fund, Pangaea Africa Fund of Funds

Active Owners Fund (28% in '13, +7% YTD) prefers small cap market

Benedicte Gravrand, Opalesque Geneva Ben Terk

The Active Owners Fund (AOF) is a deep value, event driven, long/short fund investing in North American small cap opportunities. The fund was launched in January 2011 and returned -4.9% that year, 24% in 2012, 28.5% in 2013, and it is up 6.9% YTD (to end February). One of the portfolio managers talks to Opalesque about the fund strategy and opportunities in the small cap market.

The founders and portfolio managers of the AOF, at AOF Management LLC, which has offices in Los Angeles and New York, are Joe Pretlow, who has invested in small caps for 20 years and who previously ran JPC, a private equity investment firm, and Ben Terk, who was a partner at Rho Capital for 10 years, where he led numerous minority investments and played an active role on several boards. They set up the firm in November 2009.

"First and foremost, we are small cap deep value investors seeking event driven opportunities," Ben Terk tells Opalesque during a recent interview. "However, once we develop sufficient conviction around our portfolio companies, we will regularly seek to raise the institutional profile of our companies with other like-minded public or private investors. As result, we have had a number of our portfolio companies taken private."

The two portfolio managers have a private equity background and many of their LPs are GPs of prominent private equity funds, he adds.

The fund invests in buy-out quality companies that are frontrunners in niche markets with good market power, that are trading at deep discount to intrinsic value, and that are either in transition and/or open to a transaction, Terk explains...

"On the front end of our process, that means i......................

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