Hawk Ridge Partners’ Unique Valuation Approach

Hawk Ridge Partners' Unique Valuation Approach

David Brown admits that he wasn't 100% ready to start his own hedge fund at the ripe young age at 27, in October 2005. However, his performance since has offset any doubts about his abilities.

David's fund, Hawk Ridge Partners L.P. has returned 12.4% net per annum for investors, outperforming its benchmark, the Russell 2000 by 5.7% per annum over the same period.

In the Jan 31 issue of Value Investor Insight, David Brown described the situations he finds most attractive and why his strategy has beaten peers in difficult markets. Below is a brief summary of his comments.

David Brown: A competitive advantage

David Brown's investment strategy is centered on competitive advantage. Not a company's competitive advantage, however, but...