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New Managers July 2019

BULLETIN: Mark R. Freeman launches Socorro Asset Management, New hedge fund launches on the rise

 

Mark R. Freeman launches Socorro Asset Management

Socorro Asset Management LP, a long only asset management firm, will launch on July 1, 2019. Mark Freeman, founder and Chief Investment Officer, will manage the long only, multi-asset strategy targeting low volatility. Freeman is the former Chief Investment Officer and Senior Portfolio Manager of Westwood Holdings Group where he managed the Westwood Income Opportunity Fund from 2003 until his departure in March of this year. During his 16-year tenure as manager, the strategy grew to approximately $5 billion in total assets. Freeman is joined at Socorro by founding partner and Chief Operating Officer, Dawn Blankenship who brings over 18 years of institutional operational and business development experience to the firm. Socorro uses a flexible approach to invest across asset classes, capital structures and sectors. The firm typically invests in of publicly traded, liquid, income-producing securities that target capital appreciation with low volatility.

"We are excited to be able to provide clients a dynamic strategy with a long track record of delivering on the dual mandate of total return with low volatility," said Freeman. "Clients continue to show strong demand for this type of investment profile and Socorro is well-suited for the current investment environment characterized by extremely low interest rates and increasing market volatility," he added. Using fundamental, bottom-up research, Socorro will invest in high quality companies with solid balance sheets, undervalued earnings potential, and the ability to generate high levels of free cash flow that can be used to support future growth or be returned to shareholders. The firm will look at opportunities across the capital structure. The firm's name, "Socorro" is a Spanish word that means to help or assist. "At Socorro, our mission statement is our name and it is very much who we are and what we strive to ......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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