THREE BAYS CAPITAL LP

Three Bays Capital LP is a hedge fund sponsor based out of Boston, Massachusetts. The company was originally established in 2014 by Matthew Sidman, who is still with the company today acting as its managing partner and CIO. Matthew Sidman, prior to starting Three Bays Capital, was formerly with Highfields Capital Management LP. The company would manage to raise $1.2 billion in just months after its inception, managing to go well over twice of its starting amount of $500 million at its initial onset. Three Bays Capital utilizes an event driven methodology, investing in the companies across North America and Europe, focusing on a variety of corporate events such as bankruptcies, restructurings, and takeovers. The company conducts its research both internally and externally to make its investment decisions. Three Bays Capital invests most heavily in the finance sector, which alone makes up over a third of its total asset allocations, and also invests in the information technology, which makes up just under another third of its allocations, consumer discretionary, health care, and energy sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for an average of just under two quarters and, in the most recent quarter, has had a turnover rate of approximately 68.2%. Three Bays Capital operates with 13 employees of which 5 are investment professionals. The company oversees over $2.1 billion in total assets under management spread across 3 accounts, all of which are discretionary. Although the firm’s total number of accounts has not changed since its inception, the firm’s total assets under management has grown significantly, increasing from its half a billion initial funding to well over four times that amount today. Three Bays Capital caters exclusively to pooled investment vehicles and takes advisory fees in the form of a percentage of assets and various performance based fees.