presentation 5.211125440 (11)
TRANSCRIPT
Orange Capital Partners There are no shortcuts to performance
Case Studies Performance
Platform
Investment!Process
Fund Managers
Investor Presentation February 2014 !
www.orangecapitalpartners.com
We apply the principles of disruption and conscious culture to the investment process. We see disruption as a catalyst for a better future and conscious culture as the key factor for longterm competitive advantage. On the flip side we aim to short situations where disruption and the lack of conscious culture create a vicious circle. !
Examples!
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Energy -!
An Information Technology ProblemExample !Energy -!
An Information Technology ProblemExample Example !Energy -!
An Information Technology Problem!E
How we manage money
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Quality Food at Scale ! Whole Foods
Energy and IT !Enphase!
Silver Spring NetworksGasoline decline!
Short refiners
Whole Foods Quality Food at Scale
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Nutrition is as important to health as exercise and mental fitness. Whole Foods has developed a value chain that enables the grocer to deliver high quality food at affordable prices to a mass audience.!
Whole Foods not only competes successfully with other grocers but disrupts the restaurant business. !
The impact on communities is enormous. People eat better, end up spending less for food because they avoid restaurants and improve their health. !
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Energy Advances with Information Technology
The energy problem can be solved with the application of information technology. Advances in solar technology and intelligent energy management systems will help replace fossil fuel and unleash a wave of innovation similar to what happened with the internet.!
Enphase and Silver Spring Networks \are examples of companies applying IT to solve the energy problem.!
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Decline in usage of gasoline and diesel Refineries run the risk of lower product demand
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The shift towards electric cars will have a profound impact on gasoline demand. Not just all electric cars like Tesla impact the demand for gasoline. But conventional car makers will also shift towards much more efficient engines to counter the threat of lower cost all electric cars. This is a threat to refineries. !
We are short refineries.!
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NAV since inception +127% Net of Fees !
Cumulative Average Annual Return +15.4%
2008 2009 2010 2011 2012 2013
100
128
142
195
172 172
227
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Quarterly Gross Returns in %
-15
-7.5
0
7.5
15
22.5
30
2008 2009 2010 2011 2012 2013
Q1 Q2 Q3 Q42008 -7.5 12.0 24.02009 1.5 3.2 7.4 5.42010 4.6 -1.9 17.4 16.92011 16.4 -11.8 -10.8 -0.42012 0.4 7.0 - 4.8 -2.1 !2013 6.5 30.0 2.1 -6.6
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Annual Return in % Net of Fees
-20
-10
0
10
20
30
40
2008 2009 2010 2011 2012 2013
32
0.05
-10.4
36.5
14.524.5
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Investment Process
Highly concentrated portfolio!
Independent research!
Long short multi asset fund!
Target return 15% unlevered per annum
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PlatformInteractive Brokers as Prime Broker!
Efficient Platform for Managed Accounts!
Real Time NAV!
Performance Fee 20%!
No Management Fee!
Trading Cost substantially below industry average!
Investors are Wealthy Individuals and Family Offices
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Zovinar Keledjian
Founder and Managing Partner!
Over 20 years of experience managing money in hedge funds!
Portfolio Management and Idea Generation
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Krim Delko
Founder and Managing Partner!
Over 12 years of experience trading derivatives and managing money in hedge funds !
Portfolio Management, Risk and Trading
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