Leucadia adds Thaler’s Hampton Road to platform

The $25 billion firm Leucadia Asset Management entered into a strategic relationship with Hampton Road Capital Management, which was founded by veteran TMT investor John Thaler in early 2020. As part of the deal, Leucadia said it would also invest long-term capital into Hampton Road’s fundamental long/short equity strategy, which invests in technology, media, telecom and consumer stocks globally. Thaler founded JAT Capital in 2007, then proceeded to grow it into a $3 billion hedge fund. And prior to JAT, he was well known as a portfolio manager at $8 billion hedge fund Shumway Capital Partners, which launched in 2002. “John Thaler has been investing in TMT sectors for two decades,” said Nick Daraviras and Sol Kumin, co-presidents of Leucadia Asset Management, in a statement. “He has had to demonstrate success generating alpha on both the long and short side, which is challenging to find these days.” Hampton Road’s low net exposure and aim to generate high idiosyncratic returns is attractive to Leucadia, whose team sees it to be well positioned regardless of the volatility within TMT in the years to come. Leucadia already has 14 manager affiliates, including Schonfeld Strategic Advisors; Weiss Multi-Strategy; Dymon Asia and Core Commodity Management. “Leucadia will be beneficial to us as we scale our business over time and will allow us to concentrate on investing,” said Thaler in a statement. “Our team is very excited about the opportunities we are seeing in our core sectors on both the long and short side. We are pleased with the results we have delivered in our strategy this year and are optimistic about the future.”

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