Founded in 2015, Moerus Capital Management LLC is an investment management firm that provides investment products to institutions, financial intermediaries, and qualified individuals. The firm employs a fundamentals-based investment philosophy across all its investments, aiming to purchase securities trading at significant discounts to conservative estimates of their intrinsic value. Moerus Capital Management prioritizes companies with robust financial positions, high-quality assets, and compelling business models.
Amit Wadhwaney is a Portfolio Manager and Co-Founding Partner at Moerus Capital Management LLC and the founding manager of the Moerus Worldwide Value Fund. With over 25 years of experience, Mr. Wadhwaney has extensively researched and analyzed investment opportunities across developed, emerging, and frontier markets. He has been managing global investment portfolios since 1996. Before establishing Moerus, Mr. Wadhwaney served as a Portfolio Manager and Partner at Third Avenue Management LLC. There, he founded the international business and was the founding manager of several funds, including the Third Avenue Global Value Fund, LP, the Third Avenue Emerging Markets Fund, LP, and the Third Avenue International Value Fund. Moerus Funds do not offer these funds. Earlier in his career, Mr. Wadhwaney was a securities analyst and later the Director of Research at M.J. Whitman LLC, a New York-based broker-dealer. He also worked as a paper and forest products analyst at Bunting Warburg, a Canadian brokerage firm, and began his career at Domtar, a Canadian forest products company. Mr. Wadhwaney holds an M.B.A. in Finance from the University of Chicago, a B.A. with honors, and an M.A. in Economics from Concordia University, where he was awarded the Sun Life Prize and the Concordia University Fellowship in Economics, and subsequently taught economics classes. Additionally, he holds B.S. degrees in Chemical Engineering and Mathematics from the University of Minnesota.
Moerus Capital Management is a hedge fund managing discretionary assets totaling $768,788,723, as reported in their Form ADV dated March 2024. The firm serves nine clients. According to their most recent 13F filing for the first quarter of 2024, Moerus Capital Management oversees $318,992,538 in 13F securities, with a highly concentrated top 10 holdings making up 94.28% of this portfolio. Their largest holding is Jefferies Financial Group Inc., comprising 1,063,029 shares.
