Athens Capital Management, LLC (ACM)
Firm originally established in 2002 as an investment vehicle for the managing member’s family. A majority of the managing member’s family’s net worth is invested in Athens funds.
The firm has approximately $110 million in assets under management allocated between 2 funds.
The firm’s main portfolio, Athens Steady Return Fund, LP (Class A) (ASRF), also launched in 2002, has approximately $82 million in assets under management.
Diversified portfolio across funds managed by skilled specialists in specific sectors, markets or styles
Larger allocation to funds with higher conviction
Low volatility core positions
Avoid material drawdowns
Preserve capital in tougher markets
Ongoing evaluation of managers and their strategies focused on:
Risk assessment and quality control
Market categories that are inefficient or undervalued
Manager due diligence to identify the best institutional funds in various market categories – highly selective:
Proprietary evaluation of factors impacting manager performance
Underlying manager interests are aligned with Athens, (i.e. they have a large investment in the fund alongside ours)
Asset allocation policy based on fund objectives and risk tolerance
Allocation driven by due diligence process
Strong emphasis on fundamental value funds
Continuous monitoring of managers
Extensive transparency to ensure adherence to stated strategy
We know and understand what our managers are invested in
Prospective managers prioritized for potential inclusion
Our ideal manager:
Excellent investing pedigree with depth in area of focus
Identifiable, measurable factors influencing track record
Disciplined AUM growth
Exposure management
High transparency of underlying funds
Favor low leverage managers
Core portfolio: low volatility managers
Ongoing sensitivity analysis to monitor macro factor exposure
