NYdailynews.com – Going against the crowd can be rough on investors, but Manny Weintraub believes that underneath those bumps are some real gems.
Weintraub heads Integre Advisors, a New York-based long-only hedge fund that invests about $140 million for high-net-worth and institutional clients. His investment approach applies a value investor’s patience to the fast-paced world of growth stocks – specifically companies that are under a cloud but can reward those who wait.
Weintraub founded Integre two years ago after running funds for respected value-fund shops Neuberger Berman and the Davis funds. Busted growth is now his stock in trade.
“There’s so much focus on the next quarter, if you’re willing to go out three years, you can often have an advantage,” he added.
Integre’s aims to hurdle the Standard & Poor’s 500 Index (SYMB:SPX) in both bull and bear markets, and it charges a 1% management fee and a 20% performance fee on profits that beat the benchmark. For the first nine months of 2005, Integre’s diversified hedge fund outperformed the S&P 500’s 2.8% return by nine percentage points, according to the firm.
