MSDC Management, L.P.

MSDC Management, L.P.

MSDC Management, L.P.
Last update 2021-03-16 36 Stocks (6 new)
Value $587.00 Mil Turnover 11 %
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MSDC Management, L.P. Profile

MSDC Management, L.P. is a hedge fund sponsor that is based out of New York City. The company was set up in 2009 by Glenn Fuhrman and John Phelan, both of whom are still with the company today acting as its operating partners. MSDC Management was originally established to run hedge funds for MSD Capital, its parent company, and continues as a subsidiary of MSD Capital today. MSD Capital itself was established in 1998 to exclusively manage the capital of the Michael Dell family. The company has grown from its inception to now have 68 employees of which 30 are investment professionals. MSDC Management caters almost exclusively to pooled investment vehicles, having a total of 11 advisory clients and 16 advisory accounts. The company invests most heavily in the finance sector, which alone makes up over a third of its total allocated assets under management, and also invests in the consumer discretionary, energy, health care, transports, information technology, and consumer staples sectors, among others to a lesser degree, in order of decreasing allocation. MSDC Management invests most heavily in the SPDR (CALL) S&P 500 ETF Index Depositary Receipts and SPDR (PUT) S&P 500 ETF Index Depositary Receipts, which respectively make up 20.7% and 10% of its total asset allocations, with its top holdings also including Macquarie Infrastructure Company LLC, SS&C Technologies Holdings, Inc., Valeant Pharmaceuticals International, Inc, Cedar Fair LP, Endo Internation, Northstar AT, and Time Warner Inc. The company’s top 10 holdings together make up over two thirds of its total holdings and the company has a relatively high turnover rate of approximately 40%. The firm has most recently gotten rid of all of its S&P Consumer Discretionary Select Sector SPD and replaced those holdings mainly with its current top holdings in SPDR S&P 500 ETF Index Depositary Receipts.

MSDC Management, L.P. Investing Philosophy

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