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Alternative Market Briefing

Value hedge fund gains from past experience with the great and the good

Wednesday, December 29, 2021

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Shawn Badlani
B. G., Opalesque Geneva for New Managers:

Shawn Badlani founded Honest Capital LLC in April 2020 and launched a concentrated, long-term, long-biased fund that invests in high-quality North American small and mid-cap equities. By the end of the year, the fund had returned 88%. This outstanding performance, he says, comes from his very own past experience.

Before founding Honest Capital, Badlani spent almost a decade as a partner and portfolio manager at Marcato Capital Management in San Francisco, a mid-cap, concentrated, value-focused activist hedge fund with $3bn of AuM at its peak. Before that, he was an investment analyst at Canyon Capital Advisors, a multi-strategy, credit-focused, value hedge fund based in Los Angeles, with about $10bn of AuM at the time. Prior to Canyon, he was an analyst at Blackstone.

"One of the things that ended up shaping my career happens to be when I was working (at Blackstone)," he said during a recent Opalesque video interview. "My team got hired as advisors by Bill Ackman at Pershing square - this was back in 2004, before he was well-known. I got to work really closely with him and his team on some of the earliest activist investments that they made, specifically in Wendy's and ......................

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