Anchor Bolt Capital, LP Profile
Anchor Bolt Capital, LP is a hedge fund sponsor based out of Chicago, Illinois. The company was originally established in 2011 by Robert Loren Polak, who is still with the company acting as its CEO and CIO. Anchor Bolt Capital conducts its research internally, utilizing a fundamental methodology to make its investment decisions. The company invests in the public equity markets on a global scale, utilizing a long short strategy with a bottom up investment approach to make its allocations. Anchor Bolt Capital invests most heavily in the industrials and consumer discretionary sectors, each of which makes up over a fifth of its total asset allocations, and also invests in the energy, transports, materials, consumer staples, and health care sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations an average of 5.25 quarters and holds its top 10 allocations for only 2 quarters on average. Anchor Bolt Capital, in the most recent quarter, has had a turnover rate of approximately 31.9%. The company now operates with 14 employees of which 9 are investment professionals. Anchor Bolt Capital manages over $5.9 billion in total assets under management spread across 9 total accounts, all of which are discretionary accounts. Both of the company’s total number of accounts and total assets under management have been increasing in recent years with the firm’s total managed assets increasing significantly, growing from $137 million back in 2012 to well over 40 times that amount in less than five years. Anchor Bolt Capital mainly caters to pooled investment vehicles, which makes up over three quarters of the company’s client base, both in terms of accounts and total assets, and also provides services to other clientele to a lesser degree. The company takes advisory fees in the form of a percentage of assets and various performance based fees.