AI Hedge Awards 2017

28 Acquisition International - Hedge Fund Awards 2017 EastBay Capital Best Global Long/Short Equity Fund Manager - New York EastBay Capital EastBay Capital offers a global long/short equity hedge fund focused on the Technology, Media, and Leisure (TMTL) sectors. We profile the firm and explore the experience that has helped drive it to its current success. Company: EastBay Capital Address: New York HF170030 Drawing on a combined 32 years investing in the global TMTL universe, EastBay Capital offers investors an attractive TMTL sector backdrop with powerful trends and clear winners and losers regardless of global macro, fiscal, or monetary policy as well as the ability to generate superior net returns in all market conditions with low correlation to global indices. Its Senior Management team has the experience and industry knowledge to drive the firm to success. Adam Wolfberg, Managing Partner and Portfolio Manager has spent the past 18 years as a portfolio manager focused on the TMTL sectors. Most recently, Adam spent five years at Diamondback Capital where at the time of his departure he was head of the TMT practice at the firm. Prior to that, he served as founding partner and portfolio manager of XI Asset Management, a long/short global TMTL focused fund, and has also ran the Explorers Fund at Galleon Asset Management and was a portfolio manager at SAC Capital Advisors. Overall, Adam is regarded as a top TMTL portfolio manager in the hedge fund community. He has a reputation of integrity, strong risk management and consistent returns. He has successfully launched and managed a fund operation at XI Asset Management and brings with him a seasoned team of professionals. Alongside Adam is Steve Landry, the firm’s Managing Partner and CIO, whose career has been dedicated to equity research, fundamental analysis, and managing TMTL sector portfolios since the late 1990s. This experience includes seven years investing with a value-based, long- term fundamental approach at Franklin Templeton Group and as the Global Internet/Media sector head at Citigroup Asset Management. Between 2004 and 2012, Steve generated significant alpha in a dynamic long/short equity book- both as a partner at XI Asset Management and later as Associate PM at Diamondback Capital. He is regarded as a leader in the TMTL investment community with a reputation for consistent, solid returns; identifying trends ahead of consensus thanks to a unique, global perspective; and as “a sceptic at heart” who is not afraid to share an opinion. Beginning in 2011, Steve played a major role in the long overdue changes made at Yahoo necessary to unlock shareholder value. Ultimately, EastBay Capital sees the “challenging” Hedge Fund environment as an opportunity, and is well-positioned to understand the behavioural, technical, and fundamental factors at work. The firm’s analytical and structural edge can be found in experience, process, and portfolio construction, which is becoming more important in the market. Fundamentally, EastBay Capital is able to deliver consistent alpha regardless of market dynamics, and this will remain the firm’s ongoing focus moving forward. “Fundamentally, EastBay Capital is able to deliver consistent alpha regardless of market dynamics , and this will remain the firm’s ongoing focus moving forward.” Adam Wolfberg Steve Landry