Hedge Fund - BloombergSen

Established in 2008, BloombergSen is a private asset management firm headquartered in Toronto. Currently, the firm oversees approximately $2 billion in assets for high net worth individuals, families, and institutions. As diligent value investors, our objective is to safeguard and increase your capital over time.

Mr. Bloomberg has decades of experience working in the financial industry. He completed his bachelor's degree in economics from Tufts University in 1996. Immediately after graduating, the executive embarked on his decades long career in the financial world, by starting work as an analyst at the firm Salomon Smith Barney, focusing on mergers and acquisitions and high yield initial and secondary public offerings. He would go on to work at the firm for two years, leaving the role in 1998. A year later he would then decide to expand his education and secure admission at the illustrious Wharton School of Business of the University of Pennsylvania for his Master's in Business Administration.

The MBA would prove to be fruitful, as immediately after graduating, Mr. Bloomberg would head on to become a vice president of Burgundy Asset Management, an independent asset management firm also based in Canada. At this fund, the executive worked for its small and medium business funds for both Canadian and American companies. After leaving Burgundy in 2007, the now hedge fund executive set up BloomberSen a couple of months later in February 2008.

BloombergSen describes itself as a long term, value investor. Through this, the firm evaluates its investment decisions over the course of five to ten years, as opposed to monthly or annually evaluating them like some of its other peers. This also provides it with tax benefits and low costs as the investments remain in its portfolio for a longer time period. Additionally, the firms that it chooses to invest in often have stable revenue, strong market positions, and low competition - which then ends up benefitting the discounted cash flow (DCF) valuation process through lower volatility. A DCF model projects a company's cash flow into the future and adjusts it with the cost of capital and debt to wager a guess at the current true value to determine whether the market share price is under or overvalued.

Additionally, the hedge fund does not open its doors to anyone, and if someone is looking to invest with BloombergSen, then a minimum investment of $2 million is required. It also selects only those firms whose shares are significantly undervalued on the public stock market, which then ensures that the portfolio as a whole is protected from both economic downturns and other volatility factors.

In its most recent 13F filing for Q4 2023, Bloombergsen reported managing $1,590,599,856 in 13F securities, with a top 10 holdings concentration of 79.46%. Cigna Holding Co stands as Bloombergsen's largest holding, with 1,168,400 shares held.