Raffles Associates LP
Raffles Associates LP is managed by Raffles Capital Management, a hedge fund firm headquartered in New York, NY. Established in 1996, it specializes in eclectic value investing for qualified clients, focusing on long-term capital appreciation and minimizing permanent capital loss. The firm operates one private investment fund, Raffles Associates LP, and is controlled by Paul H. O’Leary. As a relatively small and focused firm, it employs approximately 2 staff, providing tailored investment advice for high-net-worth and institutional clients.
Investment Strategy
Raffles Associates LP utilizes a discretionary, value-based investment strategy backed by fundamental research. The firm seeks undervalued securities across various asset classes—including equities, debt instruments, options, and foreign securities—with an emphasis on long-term capital appreciation and risk mitigation. Their approach is highly selective, focusing on security-specific opportunities and using an eclectic value investing philosophy to identify mispriced assets.
Top Holdings
Equity Positions (45)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SMBC | SOUTHERN MO BANCORP INC | 13.08% | $12.6M | 229,249 | $12.54 | $54.78 | +$632.7K |
I IE | IVANHOE ELECTRIC INC | 9.03% | $8.7M | 956,077 | $9.29 | $9.07 | +$2.4M |
P PROV | PROVIDENT FINL HLDGS INC | 6.33% | $6.1M | 391,791 | $8.20 | $15.50 | +$332.8K |
E EBC | EASTERN BANKSHARES INC | 5.72% | $5.5M | 359,788 | $15.96 | $15.27 | -$406.6K |
O OFG | OFG BANCORP | 5.35% | $5.1M | 120,067 | $30.12 | $42.80 | +$333.8K |