Mon, Dec 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers May 2014

Fund Profile: Eigenvector Capital launches first fund, a systematic value-based strategy, in "ideal time"

Dr. Nathan Rex spun out of a multi-billion dollar family office to form, together with Sean Ballard, Eigenvector Capital in Stamford, CT on 1st April.

Dr. Rex used to manage systematic strategies while serving as CIO of TRQ Analytics, the internal fund of the family office now named Kokino. He began the proprietary research into a portfolio modeling that became the equity portfolio's backbone for the family office; the subsequent long-only portfolio launched in June 2008, and despite the unfortunate timing, it outperformed all classes of hedged strategies that year. When a short component was added in 2011, the family office allocated capital and a long/short portfolio was launched.

Ballard and Rex started preparing their spinout last year, with the family office as their anchor investor.

Dr Rex's strategy is at the heart for their new long/short equity fund, EvC Alpha Fund, LP, which has just started with $25m in AuM, and is now open to new investors.

"We are a model-oriented strategy, which has six years of track record," Sean Ballard, CEO, tells Opalesque in a recent interview. Prior to Eigenvector, Mr. Ballard was a Director at Palestra Capital Management, which he joined before its launch in 2012.

The two managers, who have known each other for three years, feel now is the right time to become independent.

"Right now we think it's probably the ideal time for the strategy that we employ," Nathan Rex, CIO, explains. "On the long side of our portfolio, we focus on value names, stocks that are cheap relative to what they earn. And on the short side, we focus on stocks that are over-valued relative to what the company can earn."

According to the fund's presentation, academic research confirmed what they have experienced managing a discretionary portfolio: over time, value stocks outperform the broader market. Their propri......................

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  3. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  4. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans

  5. eVestment: hedge funds extend winning streak[more]

    Bailey McCann, Opalesque New York: Hedge funds marked their 13th consecutive month of positive returns in November with +0.47% average returns for the month, according to the latest Hedge Fund Performance Report from eVestment. Activists, long/short and quant equity strategies are producing