I am happy to announce that I have raised a modest amount of external seed capital for my maiden fund, which I have called Eyquem Global Value (“Eyquem” is Montaigne’s last name). The fund started trading on 1 April, but I didn’t announce it then for the obvious reason. The fund will be pursuing a deep value investment strategy with a focus on capital preservation. Often this will mean the fund is invested in special situations like liquidations, turnarounds and activist and private equity targets, but I’m not limiting the fund to that universe; I’m prepared to invest anywhere I can find overwhelming value at a good price.
Greenbackd will continue in its present format.
Update: Thank you all for the kind comments and emails.