Small Hedge Fund Plans Share Buyback

Sep 23 2008 | 2:46am ET

San Diego hedge fund shop Mentor Capital has announced a share repurchase plan designed to boost its stock price.

The firm, which manages $13.5 million, said it would buy back some 12.5% of its pink sheets, complaining that the market has “recently discounted MNTR to sometimes a fraction of cash and investments,” despite the fact that the firm “has no exposure to the current financial crisis and many be considered a small, healthy safe haven from the sub-prime problems that have decimated larger Wall Street firms.”

Mentor said it has “a strong cash position” and no debt.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...