New York-based Steadfast Capital Management is creating a
considerable buzz amongst Asian investors following a trip by
the firm to the region recently. Steadfast, which manages
almost $4 billion in assets, is known for its value-oriented
approach, its capital preservation skills and a bottom-up,
fundamentals-driven investing approach.
While the firm’s primary investments are in
North America (with only a limited exposure to Asia) within its
global strategy, it is drawing investor interest in Asia owing
to the team’s pedigree and renewed investor
interest in the US markets.
Steadfast was set up in 1997 by Robert Pitts, a Tiger cub
manager who worked in several capacities at Tiger, including
managing director in charge of financial services investments.
Firm COO Joseph Carney was previously president of Sargassum
Capital. Chris Blundin and Andrew Foote, both with considerable
investing experience, serve as principals and analysts. Jeffrey
Moore takes on the role of managing director. The firm is
understood not to have any plans to open an Asia office at this