Pirate Capital LLC
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Describing itself as a "value/event-driven hedge fund", Pirate Capital LLC is a Norwalk, CT-based alternative investment management company founded in 2002 by Thomas R. Hudson Jr. The firm typically employs shareholder activism to push for structural changes in target companies.
Pirate Capital LLC is the general partner entity to 4 funds (listed below). All 4 funds employ the same fundamental/value-oriented approach to investing, though the activist funds tend to be significantly more concentrated, and primarily consist of equity instruments in companies that are targeted for activism.
[edit] Noted instruments
Pirate is known to be associated with the following entities (with approximate assets under control, pulled from various open sources):
- Jolly Roger Offshore Fund LTD - $1.3 bn
- Jolly Roger Fund LP - $280m
- Jolly Roger Activist Fund LP - $58m
- Jolly Roger Activist Fund LTD - $56m
- Mint Master Fund LP - $21m
[edit] Key Personnel
- Thomas R. Hudson, Jr, founder and sole managing partner; formerly managed a portfolio of distressed bank debt at Goldman Sachs.
