|
Kirt Corregan By Beverly Chandler, Opalesque London:
A $1.4m hedge fund, founded in March 2010, investing in US long/short equity, has achieved a first quarter 2012 return of 23.3%. Tara Hill Capital is managed out of Newton, Massachusetts by Kirt Corregan, who restructured the company at the end of 2011 and emerged as the sole owner after the departure of his business partner, Howard Rubin and two analysts who were with the firm at launch.
At the same time, Corregan brought in a quantitative overlay tool to help prioritize stocks with insider signals, to optimize portfolio construction, and to replace the departed analysts. He reports that the quantitative overlay ranks stocks on a variety of fundamental factors, including valuation, analyst revisions, earnings quality, and credit quality.
Historic returns for Tara Hill show that the launch nine months in 2010 saw Tara Hill achieve a return of 6.75%, while 2011 saw a loss of 21.73%.
Tara Hill uses insider activity analysis for idea generation, and fundamental analysis for security selection. Corregan reports that by the end of 2011, the insider buy signal was very strong while investor sentiment was deeply negative. In a letter to investors, Corregan says: "This combination of factors usually indicates that a significant market bottom is at hand".
The fund went into 2012 with a significantly long bias, with a large number of long ideas tradin...................... To view our full article Click here
|
RSS
