| FUND MANAGERS ATTENDING THE SUMMIT |
Here is a guide to the Fund Managers attending the Summit. This page is continually updated with new managers, please check back regularly for the latest list.
Crestline
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Crestline
Summit Equity Alpha is a multi-PM equity relative value hedge fund.
The Fund targets 8-10% net returns with 6% volatility while exhibiting
low beta and low correlation to equity markets. Crestline’s proprietary
portfolio construction and risk management technology: the Crestline Litmus
Test, drives the investment portfolio construction and risk management
process. Our approach is differentiated by: (1) open architecture
approach to talent sourcing, PM selection and fund structure (2) Crestline
Litmus Test, our proprietary multi-factor portfolio construction and risk management
system and (3) detailed data analysis pre-investment to assess PM talent, alpha
generating capabilities and portfolio suitability. Sector specialist
portfolio managers serve as sub-advisors with their own management companies
and legal segregation while Summit’s portfolio management process is designed
to produce strong risk-adjusted returns through the systematic targeting of
volatility, beta, and correlation metrics across the fund’s underlying equity
portfolios.
www.crestlineinvestors.com
Maglan Capital
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Maglan Capital is an event-driven, concentrated fund with a core focus on instruments of companies approaching or experiencing bankruptcy, restructuring and operational turnaround. The fund employs an activist posture in core investments.
Maglan’s recently launched an investment focus on Argentina corporates. Argentina, as a country, recently completed the most successful balance-sheet restructuring in recent sovereign history. The country’s debt settlement is benefitting certain industries and companies enormously, from attracting new, aggressive capital in-flows to reforming previously restrictive governmental policies and regulations, both allowing business to thrive for the first time in 15 years.
The co-founders have been together since practicing bankruptcy and restructuring law at Skadden Arps in the late ‘90s. Prior to founding Maglan, they managed Credit Suisse’s fixed income alternative-asset trading business.
www.maglan.com
Tenor Capital Management
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Tenor Capital Management was founded in 2004 and currently manages over $1 billion in two principal strategies: (i) The Tenor Opportunity Funds whose single strategy is event/catalyst focused Convertible Arbitrage, and (ii) the Tenor International & Commercial Arbitration Funds - a private equity format family of funds focused on financing companies pursuing international treaty arbitrations.
For the Tenor Opportunity Funds we seek to generate a substantial portion of the Funds’ returns from single name events and catalysts including earnings and/or product launch equity volatility, FDA events, M&A, and corporate actions. We tend to run low exposures to credit and equity markets, and thus, have limited downside exposure and return volatility during periods of market stress. We currently manage $515 million in this limited capacity strategy (given our investment approach) and intend to close around $650 million in AUM.
www.tenorcapital.com
