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This issue features Chris Hillary of Roubaix Capital and Connor Browne and Rob MacDonald of City Different Investments.
Introduction to Chris Hillary and Roubaix Capital
Chris Hillary is CEO and portfolio manager at Denver-based Roubaix Capital, LLC, overseeing about $165 million in long/ short small- and mid-cap (SMID) funds. He began his career in New York, specializing in fixed income at Morgan Stanley before relocating to Denver, Colo., where he joined the international-equities team at Marsico Capital.
Before founding Roubaix Capital in 2015, Hillary spent 10 years as an analyst and portfolio manager at Independence Capital Asset Partners, where he focused on all-cap U.S. equities in a long/ short fund. He prefers SMID-cap stocks because he believes they offer superior alpha-generation opportunities.
“Smaller-company stocks are better for fundamental stock-picking, as they are more directly driven by the opportunities and risks to their growth and profitability due to their lack of diversification compared to more diversified large-cap companies,” Hillary explained in an interview with Hedge Fund Alpha.
Introduction to Connor Browne, Robert MacDonald and City Different Investments
Connor Browne and Rob MacDonald are two of the co-founders of City Different Investments. Both serve as portfolio managers, and Browne runs the firm. Before launching City Different in 2021, Browne and MacDonald worked closely on domestic equity strategies at Thornburg Investment Management.
After discovering how well their strategies complement each other and how their philosophies and approaches are aligned, they left Thornburg to start their own firm. Located in Santa Fe, New Mexico, which is known as “the city different,” City Different Investments honors the creative, diverse mountain town that brought Browne and MacDonald together
They started City Different Investments because they believed there was a better way to run an investment management firm.
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