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Bailey McCann, Opalesque New York for New Managers:

Zeke Ashton, former founder and portfolio manager at Centaur Capital is back with a new fund. The Ashton Total Return Fund builds on the work that Ashton did at Centaur - the strategy is very similar but has a few refinements to reflect current market dynamics.

Ashton tells Opalesque New Managers that after taking a break from the industry he was ready to return and saw a gap in the market for a value oriented strategy that could serve as a total portfolio solution.

At Centaur, Ashton ran a value focused long/short strategy based on fundamental research. The strategy was offered with some adjustments in both a traditional mutual fund and a hedge fund. Centaur Value Fund, the hedge fund, generated an annualized gain of 10.8% from inception in August 2002 through October 2018. This time, he plans to focus on running a hedge fund strategy that takes into account some of the lessons he learned at Centaur but with the same core approach. "We're not trying to just layer on more market exposure to generate outsized returns or trying to build a better quantitative value factor model," Ashton says. "We're focused on risk management and investing in the best risk-adjusted return opportunities we can find, and we think that gives us a chance to generate a more reliable return profile over a full market cycle."

To that end, the lon......................

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