Our Approach
Eclectic Long Portfolio
- Focused on underfollowed, undiscovered or out-of-favor securities, with an emphasis on owner-operated companies
- Seek companies where management’s incentives vis-à-vis ownership and compensation are aligned with ours
Innovative Short Strategy
- Focused on only two core shorting strategies, each attempting to isolate companies most likely to fail, namely:
- Young companies with unproven business models
- Leveraged equities facing potential distress over the next 24 months
- Primarily executed using hand-selected, single-name put options
Style is an Artifact and Horizon is Long
- Multi-style approach ranging from growth companies to deep value and special situations
- Investment horizon often extends years rather than months, further expanding the opportunity set and requiring fewer investment decisions
Crawford’s Multi-faceted Edge: Team + Universe + Approach + Horizon
Cohesive, Battle-tested and Pedigreed Team
Our team shares proven synergies and a shared value system. We are seasoned investors who have helped to add alpha and preserve capital through two bear markets and numerous downside events.
Differentiated Long Universe
Rather than a sector, geographic, market-cap, or style focus, Crawford seeks specific investment characteristics, including strong incentive-alignment with company management. This leads us to an eclectic universe of long ideas, often stocks with little Wall Street coverage.
Alpha-driven Shorts with Downside Protection
An innovative but conservative approach to shorting primarily via single-name put options, and only secondarily via cash equity shorts, allows us to seek value in hard-to-access areas of the market.
Longer-term Horizon
We evaluate opportunities on a multi-year basis rather than adopt a reactive trading mentality.