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Atlantic Investment Management

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Atlantic Investment Management
Company typeIndependent Investment Advisory Firm
IndustryGlobal Investment Management
Founded1988[1][2]
Headquarters1301 Avenue of the Americas, 38th Floor, New York, NY 10019
United States[3]
Area served
Worldwide
Key people
Alexander J. Roepers, Founder, President and Portfolio Manager
AUMUS$ 1.9 billion
(as of August 2021)[4]
Websitewww.atlanticinvestment.net

Atlantic Investment Management is a global alternative investment firm founded in 1988 by Alexander J. Roepers (“Alex”).[3] Atlantic has 29 employees worldwide with offices in New York City and Tokyo.[5] As of August 2021, the firm had $1.9 billion in assets under management.[4]

History

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Alexander J. Roepers founded Atlantic Investment Management in 1988. Atlantic manages concentrated long/short equity portfolios and employs fundamental analysis with a bottom-up stock picking approach to create its portfolios, conducting in-house research to make its investments.[2][3] The firm often takes large stakes—up to 7% of the shares outstanding—in a small number of stocks. Atlantic investment funds include the Cambrian Fund, Cambrian Japan, AJR/Quest, Cambrian Global and Cambrian Europe.[6] Atlantic's largest fund, the Cambrian Fund, is a long-only activist fund that generally invests in only 6 or 7 securities.[7]

In 1992, Atlantic began the Cambrian strategy, investing in a concentrated portfolio of approximately six medium to low-tech industrial companies.[8] In 1993, Roepers launched AJR International, an offshore hedge fund.[9]

The firm invests in various sectors including packaging, aerospace, pumps and valves, industrial materials, specialty chemicals, information-technology services and food companies.[10] The firm looks for stocks between $1 billion and $20 billion in market cap, with high quality balance sheets and low debt expenses.[11]

Activist philosophy

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While Atlantic is widely considered to be an activist investor, Roepers has been called the gentlemen activist.[6] Roepers leads Atlantic using a more subtle approach to engaging corporate management called Constructive Shareholder Activism, which involves making suggestions behind the scenes rather than in public.[12]

Leadership

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Alex Roepers is the Founder, President and Portfolio Manager of Atlantic Investment Management. He has been in the investment business for more than 25 years.[11][13]

Prior to founding Atlantic, Roepers worked for Dover Corporation as Director of Corporate Development and at Thyssen-Bornemisza Group, both multi-billion industrialized conglomerates.[14]

Roepers graduated in 1980 with a BBA from Nijenrode University, the Netherlands School of Business and in 1984 with an MBA from Harvard Business School, where he serves on the Board of Dean's Advisors.[14]

References

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  1. ^ GuruFundPicks (June 10, 2011). "Top New Conviction Buys and Sells of Alexander Roepers at Atlantic Investment Management". Seeking Alpha.
  2. ^ a b "Atlantic Investment Management". Atlantic Investment Management. Retrieved July 16, 2014.
  3. ^ a b c "Company Overview of Atlantic Investment Management, Inc". Bloomberg Businessweek. Archived from the original on July 25, 2014. Retrieved June 15, 2014.
  4. ^ a b "The largest managers of hedge funds (P&I Sep 2019)". No. Special Report Hedge Funds. United States: Pensions & Investments. Crain Communications Inc. 16 September 2019. Retrieved 15 October 2019.
  5. ^ "Form ADV Part 2A Brochure". SEC.gov. Retrieved March 27, 2014.
  6. ^ a b Stephen Taub (February 18, 2014). "Alex Roepers's Light-Touch Activism Pays Off for Atlantic". Institutional Investor.
  7. ^ Chris Barth (October 2, 2012). "Activist Investing Maven Roepers Shares Top 5 Stock Picks At Value Investing Congress". Forbes.
  8. ^ Vito J. Racanelli (December 24, 2010). "Backstage Power". Barron's Magazine.
  9. ^ "Alexander J. Roepers". Hedge Fund News. April 2002. Archived from the original on 2014-07-25.
  10. ^ "Atlantic Investment Management Inc". NASDAQ. March 31, 2014.
  11. ^ a b "Hedge Fund - Atlantic Investment Management". Insider Monkey. March 31, 2014.
  12. ^ Mark Melin (June 4, 2014). "Alex Roepers Is A "Constructive Activist" Hedge Fund Manager". ValueWalk. Archived from the original on July 25, 2014.
  13. ^ "Executive Profile Alexander J. Roepers". Bloomberg Businessweek. March 31, 2014.[dead link‍]
  14. ^ a b "Alexander Roepers - Atlantic Investment Management". Value Investing Congress. Archived from the original on July 13, 2014. Retrieved July 17, 2014.
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