Sat, Oct 20, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hunting long-term value in TMT

Thursday, May 31, 2018

Bailey McCann, Opalesque New York:

Tech investors have been laser focused on the momentum around FAANG stocks lately, but one fund manager argues that the real long-term value opportunity in tech can be found by focusing on the sector as a whole not just FAANG.

"There is always a diverse opportunity set within TMT," says Will Graves, founder and CIO at Boardman Bay Capital Management. Boardman Bay's flagship strategy invests broadly in the technology. The firm also has two sub-sector focused funds - the SaaS Opportunity fund which invests in software-as-a-service companies, and the Optical Opportunities fund which invests in optical technology companies. Optical Opportunities just opened to outside money in January.

According to Graves, he launched the two sub-sector funds to capitalize on specific growth areas he sees in tech. "When we started the SaaS fund, the sector was on the floor. WorkDay, for example, was still a relatively small company and trading at a historical discount due to a subsector dislocation. Now we've seen the sector reflate back to historical valuation levels as our thesis continues to play out. We expect that a similar thing will happen with the optical fund where we see discounted stocks with a strong runway for growth in that unique subsector," he says.

The SaaS fund is up 22.58% YTD through April, according to performance data obtained by Opalesque.

Graves would know. Before launching Boardman Bay, he......................

To view our full article Click here

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. BB&T Securities to bolster alternative investment offerings with CAIS platform[more]

    Laxman Pai, Opalesque Asia: The financial services firm BB&T Securities has selects the financial product marketplace CAIS to expand alternative investment access for advisors. A press release from the wholly owned subsidiary of BB&T Corporation said that with CAIS, it will gain access to pr

  2. Europe: Europeans up interest in unconstrained bond strategies, Generali steps up efforts to build multi-boutique business, Nordea bank in new Russia funds complaint, FCA proposes climate risk reporting duty for asset managers[more]

    Europeans up interest in unconstrained bond strategies Unconstrained bond assets are on the rise. Across both retail and institutional accounts, assets under management in these strategies rose from $153.2 billion in Q2 2013 to $289.7 billion in Q2 2018, for a five-year compound annual

  3. Robert Citrone's discovery cashes in on bearish bets[more]

    From Institutional Investor: The macro hedge fund is riding strong gains since mid-year thanks to savvy wagers against Italian fixed income and other instruments. Macro hedge funds are finally getting a reprieve, between the bond market selloff and overall financial market volatility - two even

  4. Hedge funds at the 'core' of stock slump may be done offloading, Why hedge funds will stick with ever-risky short volatility trades[more]

    Hedge funds at the 'core' of stock slump may be done offloading From Bloomberg: One quantum of solace for bruised stock bulls: Some of the usual suspects behind last week's rout may be done frightening markets. Equity long-short hedge funds are among the worst-performing categori

  5. Investing: Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks, U.S. fund investors pull most cash from bonds since February -ICI[more]

    Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks From CNBC: Billionaire hedge fund investor Leon Cooperman confirmed to CNBC on Wednesday that he has personal money in the cannabis industry, noting investments in a few young marijuana companie