Chetan Kapur, Founder of ThinkStrategy Capital Management, Went Above and Beyond for ThinkStrategy Investors which Enjoyed Robust Returns for the Majority of a Decade

Chetan Kapur, Founder of ThinkStrategy Capital Management, Went Above and Beyond for ThinkStrategy Investors which Enjoyed Robust Returns for the Majority of a Decade

PR Newswire

NEW YORK, Dec. 4, 2013 /PRNewswire-iReach/ —

  • ThinkStrategy Worked Diligently Gratis for 3 years Benefitting Investors
  • ThinkStrategy Investors Capitalized on Solid Absolute and Relative Returns for Several Years
  • ThinkStrategy Went Substantially Out-Of-Pocket to Protect Investors During the Crisis Till Resources Were Fully Depleted
  • Numerous Third Parties Highlight Chetan Kapur’s Impeccable Character, Excellent Reputation and Outstanding Contribution to the Community

ThinkStrategy Capital Management and Chetan Kapur managed two top hedge funds – TS Multi-Strategy Fund, a leveraged multi-strategy fund of hedge funds (FOF) and ThinkStrategy Capital Fund, an equity market-neutral fund. The funds provided investors robust annual returns with low relative volatility for the majority of a decade. All investors received the reported returns that were based on the net asset values (NAVs) generated from the funds’ allocations or trading. ThinkStrategy Capital had quality independent service providers that audited and administered the Company’s funds and returns.

With the financial and banking crisis, the leveraged TS Multi-Strategy Fund, a leading performer, was put into liquidation by its custodian and lender, KBC Financial in 2008 (which put all their leveraged clients into liquidation). ThinkStrategy eventually put the TS Multi-Strategy Fund of Hedge Funds into the hands of PriceWaterhouse Coopers after 3 long years of managing all aspects & costs of the liquidating fund without pay, having done all it could for investors and depleting resources fully.

The TS Multi-Strategy Fund was one of KBC Financial’s last clients to be put into liquidation as it was well diversified across the full alternative universe in accordance with its mandate. The leveraged fund of hedge funds submitted full control over to KBC Financial’s liquidation process and the worst financial crisis since 1929. Nonetheless, the fund outperformed a significant majority of its peers placed in a similar situation in spite of coming to discover and fully writing off a few issue investments.

TS Multi-Strategy Fund enjoyed an outperformance and investment success rate higher than its peers. The fund outperformed a vast majority of its peers pre, post and during the crisis. The fund had over 150+ different investment tranches. TS Multi-Strategy Fund continually improved its above or at industry standard due diligence process eventually implementing a ‘No Stone Should Be Left Unturned’ policy. ThinkStrategy, being both an investor and creditor to the fund, empathizes with investors as it relates to losses from the financial crisis and the resulting bank liquidation of leveraged funds.

ThinkStrategy Capital worked assiduously for investors of the leveraged fund of funds even while receiving no compensation or fees for approx 3 years as KBC Financial (lender and custodian that put all their clients into liquidation) halted all required fees payable to the investment managers during the liquidation period. ThinkStrategy thereafter went out-of-pocket during these 3 years to pay for the entire operating and infrastructure expenses of the fund and firm until resources were fully exhausted. Most other investment managers would have forced their funds into the hands of a liquidator or court receiver immediately whereby all these expenses/costs would be charged to the fund – thereby negatively impacting investor returns. ThinkStrategy did not forsake investors which they were legally entitled to do as they were working gratis. Investors benefitted at the cost and expense of the Investment Manager.

ThinkStrategy during this liquidation period dedicated a lot of effort and hard work in providing comprehensive reports to investors, in obtaining risk/liquidity/outlook updates from sub-funds, in procuring the sub-funds to payout as soon as feasible (including joining investor committees and appointing advisors to oversee payouts), as well as maintained coordination with all service providers to the fund (the independent auditors, the independent administrators, the independent accountants & tax preparers, & independent legal) while the company received no compensation for its diligence. Additionally, the fund’s investors were provided significant fee discounts in the normal course of business prior to the financial crisis – once again profiting investors at the detriment of the Investment Manager.

A voluminous amount of letters have been written by industry participants, business associates, hedge fund associations, friends and family on behalf of Mr. Chetan Kapur highlighting his honesty, integrity, candor, professionalism, moral fiber, and noting his impeccable character, excellent reputation and outstanding contribution to the hedge fund community.

Media Contact: Sheila Dadlani, ThinkStrategy Capital Management, 917-464-4533, info@ts-capital.com

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SOURCE ThinkStrategy Capital Management

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