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Alternative Market Briefing

Satori Capital buys into hedge fund manager Mountain Cove Capital Management

Monday, July 13, 2020

Laxman Pai, Opalesque Asia:

Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has agreed to back compatriot investment firm Mountain Cove Capital Management.

Satori, a multi-strategy firm with more than $1 billion in assets under management, committed to investing $10 million in Mountain Cove as part of its Satori XL Partnership Program, which forms strategic acceleration partnerships with talented emerging investment managers that typically have at least a three-year track record and less than $100 million of AUM.

Founded in 2013, Mountain Cove is a fundamental global long/short equity fund actively trading large-cap U.S. equities.

Mountain Cove, led by founder and portfolio manager Aushrif Javeed, uses both long and short positions to achieve absolute returns while maintaining a low net exposure, and it has demonstrated an ability to generate attractive returns in a variety of market environments.

"We believe Mountain Cove is well situated to deliver compelling investment returns in a variety of market environments, including the volatile market we are currently facing," said James Haddaway, chief investment officer for Satori's alternative investments platform and the Satori XL Program.

"Partnering with Satori Capital allows us to access the resources and insights of a large and experienced firm while maintaining the agility that has been a key part of our investment success," said Javeed. "We are enthus......................

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