Hedge Funds' #1 Stock Picks in Real Estate, Airlines, Beer & More
Rising interest rates have yet to be the tonic that soothes hedge funds' returns, as anticipated.
Cobalt Capital Management, Inc. is an esteemed investment management firm, that provides a wide array of services including asset management, investment strategies, financial planning, and advisory services. With a focus on serving clients in the State of New Jersey, Cobalt Capital Management is committed to delivering exceptional financial solutions tailored to meet individual needs.
Wayne Cooperman, son of renowned hedge fund manager Leon Cooperman, embarked on his own journey in the hedge fund industry at the young age of 28 when he co-founded Fusion Partners in 1994. Following his partner's departure in 1999, Cooperman undertook the rebranding of the fund, transforming it into Cobalt Capital Management. Historically, Cobalt has exhibited a strategic inclination towards overweighting the basic materials sector of the market.
In their latest 13F filing for Q4 2023, Cobalt Capital disclosed holdings of managed 13F securities valued at $287,232,171, revealing a noteworthy top 10 holdings concentration of 82.13%. Among their holdings, Cobalt Capital Management's largest position is SSgA SPDR Gold Shares, with an impressive holding of 300,000 shares.
