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Alternative Market Briefing

Breacher Capital Management ends 2020 up more than 55%

Thursday, January 07, 2021

Bailey McCann, Opalesque New York for New Managers:

Emerging manager Breacher Capital Management ended 2020 on a high note. According to performance information for investors reviewed by Opalesque, the BCM Partners fund ended 2020 up 58.19%. The other two BCM strategies - the Enhanced and Core funds were up 36.85% and 12.00%, respectively.

Breacher's year was impressive overall. The strategies were initially featured in our Corona Fighters Series after managing successfully through the abrupt market plunge in March 2020.

The strategies were developed by Art Holly, CIO and Portfolio Manager. Holly was previously with Man Group.

Breacher runs three variants of its long/short strategy, increasing in risk tolerance. The Partners long/short strategy is a concentrated portfolio that can take a contrarian view of the market as it looks for investment opportunities. The Enhanced fund is a slightly less aggressive version of this strategy and the Core fund is a market-neutral fund with the lowest risk of the three.

All three funds have a risk management overlay that is designed to preserve capital especially during times of market volatility. The investment team uses a combination of fundamental analysis and market catalysts to determine its positions. The average hold time for long positions is several months. Short positions are typically held for less time.

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