Point Clear Value Management Launches Maiden Hedge Fund

Nov 4 2009 | 11:22am ET

Ridgewood, New Jersey-based Point Clear Value Management has recently launched its maiden hedge fund.

The firm has been running partner money in its special situations hedge fund since April 2008, and is now opening the fund up to outside investors.

The fund, which manages $5 million but has the capacity to handle $100 million, has returned 11.6% since inception through September, compared with a decline of 19.7% for the S&P500 Total Return Index. Year-to-date the fund is up 24.6% versus 19.3% for the S&P500 Total Return Index.

“What makes us unique is our intense research process. We literally get out there and kick the tires. We talk to customers and suppliers. We talk to managers. And if we find anything we don’t like, we turn away,” says Andrew Cash, portfolio manager for the fund, Point Clear Value Partners.

Cash, a 20-year veteran of Wall Street, cut his teeth on the sell-side, mostly with Paine Webber. Most recently, Cash was U.S. research director for UBS.

During his career, Cash has been named to Institutional Investor’s All American Research Team 10 times, and he emphasizes that Point Clear does all of its research in-house.

“We’ll invest in any size company as long as we think there is extraordinary opportunity,” Cash told FINalternatives, adding that the portfolio will be concentrated—focusing on 10-15 stocks. “Our investment process is an extension of what I did on the sell-side, finding ideas that are undervalued… We tend to migrate toward sectors that have been beaten up.”

Cash is joined by partner, Richard ‘Chip’ Murphy, a former Bear Stearns managing director who ran his own trading firm—CJM Securities—from 2000-2008. Murphy will run the trading and operations for the hedge fund firm.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.