Episode 003: Chris DeMuth Jr. of Rangeley Capital – Finding Mispriced Bets Amid the COVID-19 Crisis, How to “Sift the World”
Hey all, it’s been a while since I’ve posted a podcast, but I do intend to start publishing interviews on a more regular schedule. Not quite sure what that will look like yet (thinking of starting with biweekly and seeing where that goes).
Today I have a real treat. I was able to get Chris DeMuth Jr. of Rangeley Capital on the show for a brief half-hour interview about how he’s approaching markets amid this COVID-19 crisis.
Chris is a partner at New Canaan, CT hedge fund Rangeley Capital, where he primarily invests in event-driven, value-oriented opportunities. He also hosts a SeekingAlpha Marketplace community called Sifting the World, where he publishes research on “mispriced bets,” with a skew towards value investing. Some examples include odd-lot going-private transactions, merger arbitrage, funds trading at discounts to NAV, etc.
I asked Chris about how he’s finding opportunities among the massive volatility in the March 2020 financial markets, as well as how to “sift the world,” in a general sense, within and without the markets.
- BWIC (bids wanted in competition process) – Chris says one of his favorite investing processes in 2008 was BWIC, which involved getting calls from portfolio managers or broker-dealers looking to sell a basket of securities. If you were a bit confused by the process like I was, here’s some links where you can get more insight:
- Chris DeMuth Jr. on SeekingAlpha
- Chris DeMuth Jr. on the SeekingAlpha Marketplace Roundtable Podcast
- Chris DeMuth Jr. and Rangeley portfolio manager Andrew Walker interviewed during the Hedgeye Investing Summit
- Chris DeMuth Jr. interviewed on the MicroCap Investing podcast
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