Worldwide Finance Awards 2020

Acquisition International - 2020 Worldwide Finance Awards 41 CK Capital is a global special situations organisation, with two funds currently in operation. The success of the funds come from the strong leadership of founder and CIO Wayne Yu. His alpha- focused, global special situations strategy invests in equities through a highly differentiated approach to special situations investing. The strategy was first used by Mr. Yu at Citadel Investment Group as well as Société Générale and has been deftly applied in this circumstance too. Unlike many firms, the team behind BCK Capital are all from a senior background, with substantial prior investment experience, and 10-20 years of history interacting directly with Mr Yu. The combination of solid experience and long personal histories has led to an environment that is low on bureaucracy but high on insights. In a market where alpha returns are hard to accomplish this makes the team’s work incredibly attractive to investors. The goal of the firm has always been to produce consistent results independent of the market’s volatility, and it is one that has been achieved for many years. BCK Capital launched its first institutional fund, BCK Capital Master Fund, in December 2015. Working in partnership with Pine Street Alternative Asset Management and a leading U.S. pension plan, it has gone on to achieve meaningful success in delivering uncorrelated returns. This has allowed the team to launch a second fund, the BCK Charter Oak Master Fund, in partnership with a premier European asset manager. This fund runs pari passu with the BCK Capital Master Fund, but targets twice the volatility levels of the first. The Charter Oak Fund offers a compelling way into the BCK Capital portfolio, especially for those investors who want to reduce beta exposures without sacrificing return potential. As a new fund, it is still open to investors at discounted Founders Class terms with an exceptional history of success behind it. In the last twenty years, the BCK Capital team has noticed an evolution in how alpha is generated. There is more competition for alpha across all strategies, meaning that the team has had to continually adapt its approach to achieve the same exceptional results. Thanks to the guiding principles that have brought them this far, the team seems set to continue on a path of perpetual success. Some peers have started to run on a slightly different course, namely that of long beta exposures. This has no doubt come about because of the increased difficulty in generating alpha, but is also not a route that the BCK Capital team will be taking any time soon. Specials situations funds are a unique opportunity on the market, allowing investors to invest in companies and industries undergoing transition, often giving rise to misunderstood situations, dislocations and companies simply falling out of favor. Investing in these companies has the potential of generating attractive returns regardless of the market environment, which is why finding a fund as successful as that of BCK Capital is key to success. Best Market-Neutral Special Situations Investment Manager - USA B When working in the market, it is key to ensure that trends and topics are kept up with. Naturally, the latest developments are of the utmost interest to the team, but situations such as the COVID-19 pandemic can change things rapidly. Market disruption related to the pandemic have affected many companies, creating opportunities for experienced investors like BCK Capital, and both BCK Capital funds have delivered strong, consistent returns since March. As new opportunities arise for the team, they can look forward to further successes. The team’s impressive performance comes from their consistent focus on alpha, which they have championed since the beginning of the firm’s operations. Under the leadership of Mr Yu, the team has achieved great things. It is clear that even more success lies ahead. Company: BCK Capital Name: Isaac Tak Web Address: www.bckcapital.com