Tourbillon Capital Partners LP

Tourbillon Capital Partners LP is an investment management firm based out of New York City. The company was established in 2012 by founder Jason H. Karp, who is still with the company today acting as its CEO and CIO. The firm has grown from its inception to now have 18 employees of which 13 are investment professionals. Tourbillon Capital Partners LP conducts its research both internally and externally, utilizing a long short strategy to make its investments. The firm utilizes a fundamental methodology with both top down and bottom up investment approaches, allocating its assets in the public equity markets on a global scale. Tourbillon Capital Partners invests most heavily in the consumer discretionary sector, which alone makes up over a third of its total asset allocations, and also invests in the information technology, health care, consumer staples, finance, and energy sectors, among others to a lesser degree, in order of decreasing allocation. The company’s top holdings currently includes Expedia Inc., iShares Russell 2000 Index Fund, and Edgewell Personal Care Co., among others. Tourbillon Capital Partners’s top 10 holdings together make up over a third of its total asset allocations, and the company’s most recent turnover rate was approximately 99%, replacing almost all of its holdings. The company currently holds over $4.5 billion in total assets under management spread across 5 accounts, all of which are discretionary. Although the company’s total number of accounts has just started on its upward trend, its total assets under management has been increasing, growing significantly from $170 million at its inception that lasted until the beginning of 2015 to well over 25 times that amount today. Tourbillon Capital Partners provides its services exclusively to pooled investment vehicles and takes advisory fees in the form of a percentage of assets and various performance based fees.