Opportunistic Investing in a Changing World
Who We Are
Eight Bridges Capital Management (EBCM) is a Portland, Oregon-based boutique alternative asset management firm specializing in long/short hedged strategies, with a focus on US opportunistic investments in Financial Services companies. The investment team has managed top-ranked hedge funds and mutual funds since 1997 with a focus on providing superior risk-managed performance to its partners. Through its proven value-oriented investment process, the firm endeavors to provide excellent investment results while reducing exposure to down markets. We strive to be the best investor in our sector.
Eight Bridges Capital Management was established in 2015. The firm has its origins in Miller & Jacobs Capital (MJC), which was formed by Partner Jeff Miller in 1997 to invest in U.S. Financial Services companies. MJC produced the top performance by a U.S. hedge fund in 1997, and was in the top 5 again in both 2000 and 2003. Tammy Miller joined MJC in 2005, and the principals of Eight Bridges have worked together since then for variety of firms. After managing funds for American Independence from 2007 through 2012, and Calamos Advisors from 2012 to 2015, the Partners formed Eight Bridges to generate strong total returns via a hedged portfolio of value equity securities. Starting in 2018, the firm returned to its roots by narrowing its focus to U.S. Financial Services companies. This focus benefited performance, with the Partnership returning over 8% net to investors in 2018 while outperforming its benchmark by 21.9%.
Eight Bridges Capital Management was established in 2015. The firm has its origins in Miller & Jacobs Capital (MJC), which was formed by Partner Jeff Miller in 1997 to invest in U.S. Financial Services companies. MJC produced the top performance by a U.S. hedge fund in 1997, and was in the top 5 again in both 2000 and 2003. Tammy Miller joined MJC in 2005, and the principals of Eight Bridges have worked together since then for variety of firms. After managing funds for American Independence from 2007 through 2012, and Calamos Advisors from 2012 to 2015, the Partners formed Eight Bridges to generate strong total returns via a hedged portfolio of value equity securities. Starting in 2018, the firm returned to its roots by narrowing its focus to U.S. Financial Services companies. This focus benefited performance, with the Partnership returning over 8% net to investors in 2018 while outperforming its benchmark by 21.9%.
What We DoEight Bridges’ investment approach blends stringent risk management and hedging with proven, long-term investment processes. Eight Bridges focuses on the U.S. Financial Services industry, with a particular emphasis on regional and community banks. With over 530 listed banks in the U.S., and over 600 financial services companies, the sector often provides ample opportunities for both long and short investments. Eight Bridges’ strategy blends core, longer-term positions with shorter-term trading positions. The firm also actively utilizes both long and short positions in listed equity options to enter, exit and hedge its portfolio positions. EBCM’s team has historically dramatically outperformed in volatile and bear-markets, while underperforming during bull-market tops. Given the strategy’s emphasis on maintaining a portfolio of longs, shorts and hedges, EBCM expects performance in the future to reflect this balanced approach.
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Why We Do ItWe are driven to be the best at what we do. We love the challenge of the stock market, its constantly changing investment environments, and its long, storied history. We believe that highly-focused individuals following a logical, common-sense investment strategy and who are willing to work harder than the competition can significantly outperform the market over time.
Given our focus on strong absolute and relative performance over a full market cycle, we have chosen to limit the Partnership's assets to $100 million in order to maximize our flexibility and investable universe. |
What Makes us DifferentWe have over 50 years of experience investing in sectors often misunderstood by generalists and quant strategies, particularly financial services, with a focus on U.S. Banks. In addition, our expertise in shorting and hedging strategies are significant differentiators and allow us to provide our investors with the risk-managed returns they need to meet their investment goals.
Eight Bridges focuses on preservation of capital, not on hoping for a high but risky return. By using stringent risk-management techniques, carefully balancing the risks and rewards of each position, and focusing on the areas of expertise where we have an edge over the competition, we can generate strong returns for our partners while reducing exposure to down markets. Our use of activist strategies, options, and experience in special situations separates us from our peers. |