Cara Goldenberg of Permian Investment Partners is a young fund manager that has been making some waves.
A while back she
mailed Warren Buffett a few investment ideas and was invited to meet with him one on one.
was featured in Fortune, where she
talked a lot about her
firm's emphasis on looking at the managers behind a business:
At just 30 years old, Cara Goldenberg
is at the top of her
She is the founder and managing partner of Permian Investment Partners, a New York City-based hedge fund she launched in 2008.
Goldenberg began her career at Morgan Stanley (MS, Fortune 500) as an analyst in the investment banking division.
strong quant skills quickly funneled her
into the private equity group, a move that allowed her
to circumvent the traditional analyst-associate-business school route that many of her
peers would follow.
Less than two years into her
stint at Morgan Stanley
was one of the first young investment bankers to be picked off by the hedge fund industry.
She left to work for Highbridge Capital Management.
Brahman Capital's management team was so impressed with Goldenberg's questions during an investor meeting, that they recruited her
away from Highbridge.
focuses on European special situations / event driven investments.
As markets become more efficient with quant/algorithmic strategies coming online, I think we're going to see an increased emphasis on finding value in areas of the market where it might be difficult to discern value.
Goldenberg reports that most of the companies she looks at have a history of depressed earnings which are then fixed when a new manager comes in:
Fortune: What has been the driving force for you as an investor?
: I was trained early on to focus primarily on management quality.
There's definitely a reinforcing moat with Goldenberg's
I don't think an average investor would be able to figure out much about a Marchionne prior to him joining Fiat, or if they did to figure out how he operated.