IN CONVERSATION: Steven Palmer, CFA, Alpha North Asset Management
Andrew O’Donnell catches up with Steven Palmer the Chief Investment Officer at Alpha North Asset Management.
How do hedge funds look at the market?
Where are the current opportunities right now?
Alpha North Asset Management
Canadian Hedge Fund Awards
2nd place for one year return ending June 30, 2020
1st Place “Best 3-Year Annualized Return” (July 31, 2009-July 31, 2012), October 2012
1st Place “Best 3-Year Annualized Return” (July 31, 2008-July 31, 2011), October 2011
2nd place Winner in the category of New Funds (Less than 3 Years): Best 1-Year Return (July 31, 2009 – July 31, 2010), September 2010
AlphaNorth combines over 20 years of expertise utilizing superior technical analysis along with a bottom-up and top-down strategy in the selection of investments offering the best reward versus risk opportunities.
Founded in 2007, AlphaNorth Asset Management (“AlphaNorth”) is a Toronto based investment manager. AlphaNorth believes that superior long term equity returns are achievable by exploiting inefficiencies in the Canadian small cap universe through careful security selection on both a long and short basis. The firm combines technical analysis with both a bottom-up and top-down strategy in the selection of investments offering the best reward versus risk opportunities. AlphaNorth manages the AlphaNorth Partners Fund which is a long biased small cap focused hedge fund. The Fund’s objectives are to achieve industry leading long term returns.
Steven is a founding Partner and Chief Investment Officer. He began his career in the investment industry in 1995.
Prior to founding AlphaNorth in 2007, from July 1998 to August 2007 he was employed at one of the world’s largest financial institutions as Vice President – Canadian Equities where he managed the Canadian equity assets of approximately $350 million. Steven managed a pooled fund which focussed on Canadian small capitalization companies from its inception to August 2007 achieving returns that were ranked #1 in performance by a major fund ranking service in their small cap pooled fund category (35.8% over 9 years as compared to 10.0% for S&P/TSX Composite Index and 13.0% for the BMO Weighted Small Cap Total Return Index) over the same period. He also managed a large cap fund which ranked in the first quartile of performance among other Canadian equity pooled funds for the following time periods: 1 year, 2 year, 3 year, 4 year, 5 year and 10 year.
THE MARKET MINDSET
Our goal is to help you feel comfortable stepping into the stock market and are giving you free hot tips every day!
Join us on twitter to get our DAILY live video market updates