New Canaan CT, USA.
Chicago IL, USA.
New York NY, USA.
Miami FL, USA.
London, United Kingdom.
London, United Kingdom.
Stamford CT, USA.
Impala Asset Management was established in 2003. Impala is a multi-billion dollar investment management firm headed by industry veteran Bob Bishop. Bishop is a specialist manager focusing on cyclical sectors and companies. Prior to founding Impala, Bishop was the Chief Investment Officer at Soros Fund Management. Bishop is also a ‘Tiger Cub’ member, named after a group of individuals who came out of Julian Robertson’s famed Tiger Fund. Impala currently employs 29 investment and advisory specialists with expertise in cyclical company investing1.
LSV Asset Management (LSV) is a Chicago based global shares manager. LSV was founded in 1994 by three professors of finance - Josef Lakonishok, Andrei Shleifer, and Robert Vishny. LSV uses a quantitative investment approach choosing undervalued shares with the potential for medium-term appreciation. While LSV’s investment approach has been refined over the years, it is still based on the original academic findings of Lakonishok, Shleifer and Vishny. Today, Lakonishok continues to manage the company he founded two decades ago, and regularly visits NZ Funds’ investment team in Auckland. LSV manages over US$105 billion2.
Suvretta is a New York based hedge fund founded by Aaron Cowen in 2012. Cowen is the former Co-Portfolio Manager of SAC Capital, a hedge fund which compounded its clients’ wealth by approximately 25% p.a. for over 21 years, equivalent to turning $100,000 into $10.8 million. When Cowen left SAC Capital to start his own hedge fund, NZ Funds approached him to manage money on our clients’ behalf. Cowen focuses on large US companies and uses a long-short investment approach. Since NZ Funds invested he has grown Suvretta’s funds under management to US$3.6 billion3.
Universa is a specialist hedge fund founded by Mark Spitznagel in January 2007. Mark is the former head of Morgan Stanley’s secretive equity options proprietary trading division. On Wall Street, Mark is known for having made a hugely profitable billion dollar derivatives investment that profited from the 2008 share market crash. Universa is now closed to new clients but counts sovereign wealth funds, government pension and NZ Funds amongst its loyal clients.
H2O was established by Bruno Crastes and his team in 2010. Bruno is the former head of an investment team jointly owned by Sociètè Gènèrale and Crèdit Agricole which oversaw US$100 billion in assets. H2O was established with the objective of using the same investment approach to manage a smaller amount of money and in so doing offer clients higher liquidity, hence the name. H2O invests in a wide range of global asset classes, switching its focus depending on valuation, economics and global trends. H2O’s team is now based in London and manages over US$27.4 billion of client funds5.
Formed in 2008, ISAM Systematic Management (‘ISAM’) is an alternative investment manager whose management team has amassed over 150 years of combined experience within the quantitative alternative investment space. The management team has deep experience in institutional alternative asset management particularly trend following strategies under the stewardship of their New Zealand born Chief Investment Officer, Darren Upton. ISAM is based in London and manages over $3.3 billion.6
Emerson Point was founded in October 2017 by Amir Mokari. NZ Funds is one of Emerson Point’s founding investors alongside a commitment of over US$100 million from David Stemerman, portfolio manager of Mokari’s previous firm, Conatus Capital. Emerson Point’s primary focus is on three core sectors: consumer, TMT, and business services. Emerson Point believes that these three core sectors offer compelling long and short opportunities given the tectonic shifts caused by the rise of the internet, demographic evolution (aging of millennials into peak spending years), and changing consumer behaviours due to technological innovations. Emerson Point is Connecticut-based, managing over $300 million.7