Lukasz Tomicki of LRT Capital Management likes healthcare stocks and shares of Russian natural gas companies as the crucial election year 2020 gets underway — an election he expects will culminate with President Donald Trump winning a second term.
Tomicki, who started Austin, Tex.-based hedge fund in 2012, joined the Contrarian Investor Podcast last month to discuss these and other ideas.
Texas-based value specialist LRT Capital will roll out its second hedge fund offering on 1 January. The LRT Market Neutral Strategy will have low net dollar exposure and zero beta exposure to the S&P 500.
The new offering follows a similar asset-selection process to LRT’s existing LRT Economic Moat Strategy fund, with a different approach to portfolio construction that is “focused on minimising volatility and market correlation through index-based hedging and optimisation techniques”, according to an investor letter seen by HFM. The new strategy, launched in response to investor demand, targets those “concerned about the extended bull-run of the stock market, or simply want[ing] a low-net-exposure strategy”.
Founded in 2012 by Lukasz Tomicki, LRT has seen its assets more than double since the beginning of the yearr. Head of business development Ben Turk joined in October. His CV includes investment roles at $1.4bn private equity firm Insight Equity and in the natural resources group at Deutsche Bank. In November, economist Gulseren Mutlu joined as senior equity analyst. She joined with more than 10 years’ experience teaching economics at universities including Stern School of Business, McCombs School of Business, City University in Hong Kong and Bogazici University.
The firm plans to hire another analyst to start in early 2020 and will add a CFO as assets continue to grow.
Matthias Knab from Opalesque TV recently interviewed LRT Capital founder, Lukasz Tomicki. In the video they discuss the history of the firm, The Economic Moat investment strategy, and why risk management is the most important part of any investment process.
LRT Capital Management has hired its first head of business development to work in its Austin, Texas headquarters. Ben Turk previously worked at $4bn alternative investment shop Vida Capital, where he held a principal role, according to his LinkedIn profile. “I am delighted to welcome Ben Turk to my team. It’s a sign of the growth of my firm and our ambitions to expand beyond my current niche investor base,” LRT Capital president Lukasz Tomicki told HFM. “Ben has worked in a number of roles in finance, including investment banking, private equity and hedge funds, and I hope he finds a long-term home at LRT.
EisnerAmper’s Trends Watch is a weekly entry to our Alternative Investments Intelligence blog, featuring the views and insights of executives from alternative investment firms. This week, Elana talks with Lukasz R. Tomicki, President, LRT Capital Management.
Tomicki, born in Warsaw, Poland, immigrated to the US as a child, attending high school in Missouri. It was here his entrepreneurial spirit and eye for opportunity was on display started a software company, LobbyAssist, that tracked legislation and campaign finance at the state level. He and his high school buddy partner teamed up with a Midwest lobbyist, patented the process, and scaled the software to cover 50 states in four years.
In October, Leadership for America posted its biggest gain yet: $140,256. That got the attention of Dave Drebes, who publishes a political insider newsletter in Missouri. “And the next time he does an offering, we should all buy in,” Drebes wrote.