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Benedicte Gravrand, Opalesque Geneva:
C3:23 Capital Partners, LP is a fundamentally driven, value-based and unleveraged long/short equity hedge fund. This small fund, incepted in January 2010, invests in company stocks and hedges against market risk using derivatives. It has returned almost 28% since inception, and is up 9.03% YTD after gaining 2% in June - compared to the HFRI Equity Hedge (Total) Index which lost 1.20% in June and is up 1.08% YTD.
The fund currently features in Opalesque Solutions' Emerging Managers Database.
T. Chase Brown, C3:23 Capital’s principal and portfolio manager, told Opalesque that he had achieved such returns by simply "focusing on the basics," by only investing in companies and situations that he understands thoroughly and when the market provides a price that gives him a large margin of safety. C3:23 Capital, an investment boutique based in Atlanta, Georgia, manages almost $16m.
Knowing what you know from what you think you know
"We spend a lot of time trying to separate what we think we know from what we actually do know," he said. "It’s impossible to do it completely but we try, by being intellectually honest and not letting the ego get in the way of clear thought. We also exercise a lot of patience; we will not invest 1% in a situation where we would not feel comfortable ...................... To view our full article Click here
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