Tsai Capital
Tsai Capital
Tsai Capital Corporation is a fund management firm, based in Manhatten, New York. It was founded by Christopher Tsai in 1997 to follow a value investing approach, looking for long-term investments in growing, non-cyclical businesses with conservative balance sheets[1].
The model relies on extensive research into the business operations and balance sheets, and as such, the portfolio has a comparatively low asset turn-over[2].
In 2011, Tsai Capital launched a hedge fund with between 20-25 long positions. Around two-thirds of the fund's exposure is international, the other third being based on north American investments. [3]
Performance
Between 2000 and 2005, investors in Tsai Capital saw a cumulative return of 71% on their investments, far out-performing both Standard & Poor’s and Russell’s 1000 Growth Index, which saw loses over the same period. The portfolio of 19 large-cap accounts was subsequently awarded a coveted four-star rating by investment research firm Morningstar, Inc. [4].
References
- ^ http://www.financial-planning.com/news/top-75-smas-528906-1.html?zkPrintable=1&nopagination=1 Financial Planning Magazine: “Top 75 SMAs,” 1 October 2005
- ^ http://www.pranaygupte.com/article.php?index=329 Pranaygupte.com, Published by The New York Sun, “Lunch at Tribeca Grill with: Christopher Tsai” July 20, 2005
- ^ http://www.hfmweek.com/news/1672452/tsai-capital-debut-fund-targets-institutions.thtml
- ^ http://www.pranaygupte.com/article.php?index=329 Pranaygupte.com, Published by The New York Sun, “Lunch at Tribeca Grill with: Christopher Tsai” July 20, 2005