Investment Advisor to Private Funds
Philip R. Chapman - Philip's responsibilities include portfolio management and client development. Philip has been President of Adler & Co, a family office, for over twenty-five years managing portfolios of direct investments in both public and private companies, hedge funds, venture capital, and private equity funds. Philip has sat on the boards of multiple companies. He was also a Managing Member of Alpha Beta Capital Management LLC, a fund of hedge funds. Philip was previously a management consultant with Booz Allen & Hamilton in London. He received his B.S. from Columbia University and his MBA from Columbia Business School.
Lazar Nikolic - Lazar's responsibilities include portfolio management, investment analysis, and risk management. Throughout his career he has traded equities, bonds, RMBS, structured credit, and derivatives. Prior to founding JPL, Lazar was a portfolio manager at Adler & Co, a hedge fund analyst at Alpha Beta Capital Management, and a software engineer at Bloomberg LP. Lazar holds an M.S. in Math-Finance from New York University's Courant institute as well as a B.S. in Mathematics and a B.S. in Computer Science from Lafayette College.
Jay S. Nickse - Jay's responsibilities include portfolio management and supervision of accounting, tax, and administration. He has been Chief Financial Officer of Adler & Co, a family office, for over twenty-five years. During this period his responsibilities included oversight of administration of the family office's activities as well as numerous related venture capital funds. Mr. Nickse was also involved with the formation and operation of Alpha Beta Capital Management LLC, a fund of hedge funds. Jay was previously employed at Price Waterhouse (now PWC) and Union Carbide Corporation. He received his B.S. in Accounting from the University of Connecticut.
JPLOF is a long/short hedge fund focused on investing in liquid securities that trade below their intrinsic value. We buy stocks at a discount to NAV including Closed End Funds, Mortgage REITs, Equity REITs, Specialty Finance Companies, BDCs, and Event Driven Special Situations. Our shorts are typically expressed through sector ETFs and individual stocks trading at a premium to NAV, both directly and through options.
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