Hedge Fund - Dendur Capital

Dendur Capital is an American hedge fund that is based in New York, New York. The firm was set up by Malcolm Levine in 2019, and Mr. Levine continues to serve as its managing partner and chief investment officer. Dendur Capital tries to profit from short- and medium-term market inefficiencies by using a fundamental approach to investing in stocks and bonds worldwide, emphasizing North America and Europe.

In 2004, Malcolm Levine graduated from Stanford University with a BA in International Relations. From 2004 until 2006, he worked in the Financial Sponsors Group of Credit Suisse First Boston’s investment banking business. From 2006 until 2011, Mr. Levine worked at Apollo Management.

The hedge fund is one of the youngest in its industry that is filled with other funds that have been investing, profiting, and making losses for decades. It also has a relatively small portfolio size and an equally small client base. The firm has a handful of clients under its wing, and as of the second quarter of this year, its portfolio was worth a modest $479 million.

Looking at its returns for 2022, Dendur Capital’s performance peaked in August, when its portfolio grew by 23%, beating the S&P 500 stock market index by 10%. Since then, the fund has also suffered like major indexes, as stocks tumble in the aftermath of a hawkish approach by the Federal Reserve towards curbing inflation by making record setting interest rate hikes in one go.