Tiburon Capital Management 
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Tiburon Capital Management, LLC         
1345 Avenue of the Americas - 3rd Floor       
New York, NY  10105                           
646.840.4925
     
                                   

Event-Driven Strategies

Tiburon, spanish for shark and representative of our relentlessness, efficiency, ability to move swiftly and capacity to adapt.

Strategies include:

  • Special Situations;
  • Stressed-Distressed: and
  • Capital Structure (Indenture) Arbitrage

Tiburon seeks to harness returns from hard events - Revaluation Catalysts - as they occur.

Tiburon utilized its proprietary BRACE methodology in its review of investments and seeks to reduce human bias in decision-making.

           


























           


Tiburon Markets Overview


March, 2015

The Here and Now versus the There and Then

We at Tiburon, think about the market environment we are operating in as a framework we are given. We cannot influence it, but we surely can study it and think about the opportunities and risks presented. Study of this framework provides points of view that drive direction and emphasis. Much risk can be mitigated, opportunities seized, as a consequence of this ongoing study of market environment. Our idea generation and investment then, shift as our lens suggest better risk-adjusted return probabilities in one market, sector, security type or catalyst than another.

A foolish consistency is the hobgoblin of little minds – Ralph Waldo Emerson

The views offered in this month's Tiburon Markets Overview regarding relative economies’ strength, currency and interest rate direction are proffered solely as a consequence of work done in order to sort out how we can make money in the nearer term. As we like to say, ‘there is the here and now and the there and then.’ We may have a longer-term point of view - the there and then - but it doesn’t matter with regard to how we are running the portfolio nearer term. The luxury we have afforded ourselves in the agnosticism of our mandate: agnostic directionally (long or short), among securities (equities, options thereon and fixed income) and the myriad plausible corporate events wrings out a lot of the moral hazard faced by the narrow, myopic mandates of most managers. Their myopia can lead to moral hazard - needing to believe in a particular market dynamic or macro environment. Tiburon is not only free of this dilemma, but during the better than five years as an organization, we have culturally instilled a self-awareness of human biases. My point being, that we do very thoughtful work around the investment environment and externalities that can weigh on the portfolio or a position (the “E” of our BRACE methodology). We aim to be right, not necessarily consistent, as being right is how you make money (being consistent might be how you become a pundit). To this end, all the work we do to get a sense for the investment landscape can get tossed in an instance if we see we are wrong. We will not wage a war of ideas with your and our money.

 

 

 

 

Tiburon Capital Management is an SEC registered investment advisor
and 100% employee-owned (and a Minority-Owned Business Enterprise)

Tiburon was founded by Peter M. Lupoff, an active participant in event-driven, deep value, credit and distressed strategies  for over 20 years and widely heralded as a pioneer in various aspects of the event-driven markets and investing. Tiburon Event-Driven portfolios are managed by Mr. Lupoff and Brian Swain - both experienced veterans in event-driven and deep value.

We seek to generate absolute returns with low volatility by exploiting market, documentary and competitor research inefficiencies and deficiencies.

How do we differ from others? Tiburon is agnostic 1)  Long or Short; 2) Among Securities - equities, bonds, options and 3) Among the myriad events, or Revaluation Catalysts.  Agnosticism in Mandate removes much of the moral hazard faced by those that need to believe in a particular market, cycle, security, industry or direction.

Tiburon portfolios are liquid and historically uncorrelated to larger "index-like" event-driven managers.
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Investments Offered via:
  • TIBURON EVENT-DRIVEN ONSHORE/OFFSHORE FUNDS
  • TIBURON SEPARATELY MANAGED ACCOUNT PRODUCTS  (Direct via JP Morgan, others)
  • TIBURON IDIOSYNCRATIC CREDIT (Event-Oriented)

NEWS: 

NEW for April, 2015: 

Tiburon present at SALT Conference, Las Vegas - May 5th-8th. Please contact us if you are attending and would like to meet. 

Tiburon Shark Bites - The Deflation Bogey Man (March, 2015)

Tiburon Shark Bites - Oil's Price Decline and its Impact on the High Yield Market (February, 2015)



Fox Business News - Lupoff on JC Penney; Oil and Opportunities in 2015

Tiburon Shark Bites - Where is the Bottom in Oil - Parsing the Risks and Opportunities (December, 2014)

Fox Business News - Lupoff on ECB Interest Rate Cut, Event-Driven Themes that Arise

Tiburon Share Bites - I'm Not Dead Yet - The Case of US Equities Through Year-End 2014  (September, 2014)


                                                                     Investor Materials, Calls, Visits, Please contact:         ir@tiburonholdings.net