Funds

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