Atlantic Investment Management

Atlantic Investment Management is a global alternative investment firm founded in 1988 by Alexander J. Roepers (“Alex”).[3] Atlantic has 29 employees worldwide with offices in New York City and Tokyo.[5] As of June 2019, the firm had $1.4 billion in assets under management.[4]

Atlantic Investment Management
Independent Investment Advisory Firm
IndustryGlobal Investment Management
Founded1988[1][2]
Headquarters666 Fifth Avenue, 34th Floor, New York, NY 10103
United States[3]
Area served
Worldwide
Key people
Alexander J. Roepers, Founder, President and Portfolio Manager
AUMUS$ 1.4 billion
(as of June 30, 2019)[4]
Websitewww.atlanticinvestment.net

History

Alexander J. Roepers founded Atlantic Investment Management in 1988. Atlantic manages concentrated long/short equity portfolios and employs fundamental analysis with a bottom-up stock picking approach to create its portfolios, conducting in-house research to make its investments.[2][3] The firm often takes large stakes—up to 7% of the shares outstanding—in a small number of stocks. Atlantic investment funds include the Cambrian Fund, Cambrian Japan, AJR/Quest, Cambrian Global and Cambrian Europe.[6] Atlantic’s largest fund, the Cambrian Fund, is a long-only activist fund that generally invests in only 6 or 7 securities.[7]

In 1992, Atlantic began the Cambrian strategy, investing in a concentrated portfolio of approximately six medium to low-tech industrial companies.[8] In 1993, Roepers launched AJR International, an offshore hedge fund.[9]

The firm invests in various sectors including packaging, aerospace, pumps and valves, industrial materials, specialty chemicals, information-technology services and food companies.[10] The firm looks for stocks between $1 billion and $30 billion in market cap, with high quality balance sheets and low debt expenses.[11]

Activist philosophy

While Atlantic is widely considered to be an activist investor, Roepers has been called the gentlemen activist.[6] Roepers leads Atlantic using a more subtle approach to engaging corporate management called Constructive Shareholder Activism, which involves making suggestions behind the scenes rather than in public.[12]

Leadership

Alex Roepers is the Founder, President and Portfolio Manager of Atlantic Investment Management. He has been in the investment business for more than 25 years.[11][13]

Prior to founding Atlantic, Roepers worked for Dover Corporation as Director of Corporate Development and at Thyssen-Bornemisza Group, both multi-billion industrialized conglomerates.[14]

Roepers graduated in 1980 with a BBA from Nijenrode University, the Netherlands School of Business and in 1984 with an MBA from Harvard Business School, where he serves on the Board of Dean's Advisors.[14]

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References
  1. GuruFundPicks (June 10, 2011). "Top New Conviction Buys and Sells of Alexander Roepers at Atlantic Investment Management". Seeking Alpha.
  2. "Atlantic Investment Management". Atlantic Investment Management. Retrieved July 16, 2014.
  3. "Company Overview of Atlantic Investment Management, Inc". Bloomberg Businessweek. Retrieved June 15, 2014.
  4. "The largest managers of hedge funds (P&I Sep 2019)" (Special Report Hedge Funds). United States: Pensions & Investments. Crain Communications Inc. 16 September 2019. Retrieved 15 October 2019.
  5. "Form ADV Part 2A Brochure". SEC.gov. Retrieved March 27, 2014.
  6. Stephen Taub (February 18, 2014). "Alex Roepers's Light-Touch Activism Pays Off for Atlantic". Institutional Investor.
  7. Chris Barth (October 2, 2012). "Activist Investing Maven Roepers Shares Top 5 Stock Picks At Value Investing Congress". Forbes.
  8. Vito J. Racanelli (December 24, 2010). "Backstage Power". Barron's Magazine.
  9. "Alexander J. Roepers". Hedge Fund News. April 2002. Archived from the original on 2014-07-25.
  10. "Atlantic Investment Management Inc". NASDAQ. March 31, 2014.
  11. "Hedge Fund - Atlantic Investment Management". Insider Monkey. March 31, 2014.
  12. Mark Melin (June 4, 2014). "Alex Roepers Is A "Constructive Activist" Hedge Fund Manager". ValueWalk. Archived from the original on July 25, 2014.
  13. "Executive Profile Alexander J. Roepers". Bloomberg Businessweek. March 31, 2014.
  14. "Alexander Roepers - Atlantic Investment Management". Value Investing Congress. Archived from the original on July 13, 2014. Retrieved July 17, 2014.
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