Prescience Investment Group Unveils Maiden Hedge Fund

Aug 6 2009 | 1:31am ET

New York-based Prescience Investment Group has recently launched its first hedge fund, an unlevered long/short vehicle that will invest in equities and bonds.

Firm founder and managing partner of the Prescience Partners Fund, Eiad Asbahi, said he seeks to generate unconventional returns by applying a value-oriented, private equity analytical approach to investing.

“How we manage the money all comes down to our view on an optimal portfolio duration,” Asbahi told FINalternatives. “When increasing duration, our bread and butter are GARP (Growth At A Reasonable Price) equities with highly defensible business models. Since we focus on the long term in this space, we’ll conduct an immense amount of due diligence before we’ll commit any capital, but when we find a screaming mispricing in a great business, we’ll commit big.”

Asbahi said the strategy can handle up to $500 million, but the fund—which began trading on August 1—will hold several closings as it grows in order to maintain quality.

Prior to founding Prescience, Asbahi was a high yield bond, distressed debt and special situations analyst for several years with a hedge fund managed by Commonwealth Advisors where he was responsible for idea generation and the analysis of instruments throughout the capital structures of over-levered companies and special situations across numerous industries. He also worked in a similar capacity as a consultant with hedge fund manager Cohanzick Management and later engaged solely in equity analysis as a consultant with Kinderhook Partners.

Asbahi is joined by N. Cyril Thottam, who serves as the chief operating officer of the firm. Prior to joining Prescience, Thottam was a corporate strategist and strategy consultant with various organizations such as Morgan Stanley, Lehman Brothers, and IBM. 

Morgan Stanley Smith Barney serves as Prescience’s prime broker and custodian, Michael J. Liccar & Co. serves as its third party administrator and RSM McGladrey serves as its auditor.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR