Lucerne Capital Management
{{Short description|Long-short equity investment firm}}
{{Orphan|date=April 2017}}
{{Infobox company
| name = Lucerne Capital Management, LP
| logo =
| caption =
| foundation = {{start date and age|2002}}
| founder = Pieter Taselaar
| location = Greenwich, Connecticut, U.S.
| key_people = Thijs Hovers (Partner){{cite news|last1=Shari|first1=Michael|title=Dutch Masters|url=http://www.barrons.com/articles/dutch-masters-1466222374|accessdate=30 March 2017|publisher=Barrons|date=June 18, 2016}}
| defunct =
| aum = $1.107 billion (March 2019)
| industry = Equity investment
| products = Hedge fund
| personnel =
| homepage = {{URL|www.lucernecap.com/}}
}}
Lucerne Capital Management is a long-short equity investment firm, founded in 2000 by Pieter Taselaar, that specializes in bottom up stock selection with a focus on European markets.{{cite web|title=Lucerne Capital Management Lp|url=https://www.bloomberg.com/profiles/companies/1396360D:US-lucerne-capital-management-lp|website=Bloomberg|publisher=Bloomberg|accessdate=30 March 2017}}{{cite news|last1=Shari|first1=Michael|title=Lucerne Capital Fund Bets on Europe|url=http://www.barrons.com/articles/lucerne-capital-fund-bets-on-europe-1427512208|accessdate=30 March 2017|publisher=Barrons|date=March 28, 2015}}
Overview
Pieter Taselaar founded Lucerne Capital Management after leaving investment bank ABN in 2002.{{cite news|last1=Barber|first1=Andrew|title=Meet Lucerne Capital, The Best Small Hedge Fund You've Never Heard Of|url=http://www.businessinsider.com/lucerne-capital-best-small-hedge-fund-never-heard-2011-2|accessdate=30 March 2017|work=Business Insider|publisher=Business Insider|date=February 16, 2011}} Lucerne is headquartered in Greenwich, Connecticut and the company has a research office in Amsterdam, Netherlands.{{cite web|title=Firm Overview|url=http://www.lucernecap.com/overview.html|website=Lucerne Capital Management|publisher=Lucerne Capital Management|accessdate=9 November 2017}} The firm has 12 employees (excluding clerical workers) and in March 2019 reported $1,107,764,000 in assets under management.[https://www.adviserinfo.sec.gov/IAPD/content/ViewForm/crd_iapd_stream_pdf.aspx?ORG_PK=111288 Lucerne Capital Management, Form ADV, Part 1A, Item 5 (Mar. 29, 2019)]. Lucerne Capital invests in companies with strong free cash flow.
Lucerne Capital ranked 25th in Barron's 2016 list of "Best 100 Hedge Funds".{{cite web|title=Barron’s 2016 List: Best 100 Hedge Funds|url=http://www.barrons.com/articles/best-100-hedge-funds-1466223924?tesla=y|website=Barrons|publisher=Barron's|accessdate=30 March 2017}}
Investments
In the 4th quarter of 2017, Lucerne Capital purchased a new stake in Altice USA, valued at about $129,721,000, bringing its total shares to 7,455,917.{{cite news|last1=Boone|first1=Mandy|title=Simcoe Capital Management LLC Buys Shares of 1,476,395 Altice USA Inc (NYSE:ATUS)|url=https://stocknewstimes.com/2018/03/29/simcoe-capital-management-llc-takes-position-in-altice-usa-inc-atus.html|accessdate=30 March 2018|publisher=Stock News Times|date=March 29, 2018}}{{cite news|last1=Jordan|first1=Nicolas|title=Altice USA (ATUS) Shares Gap Down to $20.69|url=https://macondaily.com/2018/05/24/altice-usa-atus-shares-gap-down-to-20-69.html|accessdate=25 May 2018|publisher=Macon Daily|date=May 24, 2018}}
References
{{reflist|2}}