Spruce House Investment Management
435 Hudson Street
New York, NY 10014
Website:
sprucehousecapital.com
Firm Size
- Assets Under Management (AUM):$1.9 Billion
- Number of Funds:2
- Employees:9
- Firm Type:Hedge Fund
Description
Spruce House Investment Management LLC is a registered investment advisory firm based in New York, NY. The company was founded in 2006 by Benjamin Stein and Josh Tarasoff. They offer their services primarily to pooled investment vehicles, including hedge funds.
Spruce House focuses on making long-term, value-oriented investments in public equities, private investments, and distressed securities. Their investment philosophy is centered around conducting extensive primary research and analysis to identify opportunities that are mispriced or undervalued by the market.
The firm aims to generate attractive risk-adjusted returns for its clients by investing in a concentrated portfolio of high-quality companies. They also specialize in providing capital and strategic support to companies in need of financial restructuring or turnarounds.
Spruce House prides itself on its rigorous research process, which involves in-depth fundamental analysis, questioning management teams, and modeling various scenarios to assess potential risks and returns. They have a strong focus on downside protection and seek to invest in businesses with sustainable competitive advantages.
With a team of experienced professionals, Spruce House Investment Management LLC caters to a diverse client base that includes pension funds, foundations, endowments, and high-net-worth individuals. They are committed to delivering personalized investment solutions that align with each client's specific needs and goals.
Overall, Spruce House Investment Management LLC is a reputable investment advisory firm with a disciplined approach to investing and a track record of delivering strong results for its clients.