STRATEGY
Focus on Small & Micro Cap

Nantahala has low correlation with broader equity markets

<$2.5 Billion Market Cap Companies

  • $1.5 trillion+ market opportunity, rich in mis-pricings
  • Difficult to access the small cap market and  execute investments due to low liquidity
  • Long-term investment approach makes us an attractive investor for portfolio companies

We believe market neutral, well hedged, long term investing in smaller market caps can perform well, in part due to our following views:

BIOTECH, NON-BIOTECH HEALTHCARE AND TMT EQUITIES, THREE SPACES WE KNOW WELL, ARE IN DISTRESS

EXTREMELY WIDE AND NONSENSICAL VALUATION DISPARITIES PREVALENT IN SMALLER MARKET CAP COMPANIES

EARLY STAGES OF CREDIT AND REAL ESTATE DISTRESS, HIGHER INTEREST RATES, AND DECLINING EARNINGS

CENTRAL BANK INFLUENCE ON ASSET PRICES IN BEGINNING STAGES OF BEING REMOVED

Risk Management Principles