Tabor Asset Management, LP

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Tabor Asset Management, LP

ABOUT US

Tabor Asset Management, LP was formed in 2018 by Jonathan Jacoby, CIO, with the belief that we can generate better returns with a similar risk philosophy employed at Millennium and UBS O’Connor. Our flagship strategy is a low net one focused on Consumer, Tech, Media, and Telecom stocks.

Tabor Asset Management, LP is named after Mount Tabor, located in Lower Galilee, Israel. Mount Tabor is the site of a famous biblical battle between the Israelite army and Canaanite army. The Canaanite army was much stronger, yet the Israelites were victorious because of their fortitude, perseverance, and confidence.

STRATEGY

Tabor Asset Management, LP (“Tabor”) is a low net investment manager focused primarily on the Consumer, but also the Technology, Media and Telecommunications sectors.  The 4-person senior investment team is managed by the PM, Jonathan Jacoby, who spent a decade previously as Portfolio Manager at Millennium and O’Connor (both are references). The portfolio is run low net (+/-15% net) with 90% of our short book in single-name stocks. Tabor has generated a vast majority of its alpha in its five-year history from the short book. We express ideas via 15-18 themes at any given time, each also run with low net exposure. We target T+10% net returns to our investors with a Sharpe over 1.

 

 

 

 

 

INVESTMENT TEAM

Jonathan has two decades of experience on both the buy and sell side. He is responsible for portfolio and risk management, as well as coverage of media companies. Prior to founding Tabor, Jonathan managed a TMT/Consumer-focused portfolio at UBS O’Connor and Millennium Management, where he demonstrated an ability to generate consistent returns, while running one of the larger books at both firms. Jonathan was previously an analyst with Pyramis (Fidelity) and a sell-side media analyst at SunTrust Robinson Humphrey and Banc of America Securities, where he was an II-ranked analyst. Jonathan holds a Master of International Affairs in International Finance from Columbia University and a Bachelor of Arts in Political Science, cum laude, from Yeshiva University.

Stella has nine years of investment experience in the broader consumer sector. Prior to joining Tabor as the first new research hire post-launch, Stella spent six years at Valinor Management, a fundamental-driven long/short equity fund, where she focused on consumer-related investment ideas and helped develop the firm’s alternative research strategy. Stella began her investment career at Savitr Capital, also a long/short equity fund, where she directly supported the founder/CIO in various aspects of the investment process including idea generation, company diligence and valuation, with a focus on short opportunities in the retail and restaurants sectors. Previously, she held roles at Goldman Sachs, Deloitte, and the John McCain 2008 presidential campaign. Stella holds a Bachelor of Arts degree in Political Science from Stanford University.

 

Chris has over 20 years of investment experience and spent the last 10 years before Tabor covering global communications, pay TV, and associated subsectors as a senior analyst and sector head. At Tabor, he has picked up coverage of financial technology companies. Prior to joining Tabor, he worked with Jonathan at Millennium Management and worked at BBT Capital as a senior analyst. Prior to BBT, Chris covered the US telecom sector on the sell-side for Deutsche Bank and Fulcrum Global Partners. He began his career in the M&A group at ABN AMRO. Chris holds a Bachelor of Business Administration degree with distinction from The University of Michigan.

James Luan has eight years of experience in fundamental TMT equities across the buy- and sell-side. Prior to joining Tabor, he worked in long short equities at Brookfield Asset Management focusing on global internet, and prior to that worked at Point72 & Exoduspoint in similar capacities across broader TMT.  Prior to that, he worked at Morgan Stanley covering media and cable/satellite and Barclays Capital covering financial institutions. He graduated with a B.S. degree at Columbia University majoring in Industrial Engineering and Operations Research.

Meron M. E. Amar is an Investment Analyst at Tabor Asset Management, focusing on Travel & Leisure. Prior to joining Tabor, he obtained an M.B.A. at the French Grande Ecole: École Supérieure de Commerce de Paris (ESCP Business School) in Paris. Meron spent five years on the sell-side, two of which as an Investment Banking Analyst in Mergers & Acquisitions and one year in Sales & Trading covering high-yield credits. He holds a B.A. in economics from Boston University.

BUSINESS TEAM

Ankur Jain oversees all non-investment activities at Tabor including operations, compliance and investor relations to ensure the investment team remains focused on research. Most recently, he was Co-Founder, COO and Head of Business Development at Falchion Capital, another low net TMT investment manager. Prior to co-founding Falchion, he started two other businesses outside the industry, one of which he sold in 2014. From 2004 to 2010, Mr. Jain was a hedge fund allocator, first at TAG Associates and then at BBR Partners, both multi-family offices managing several billion dollars for ultra-wealthy families. At both firms, he was responsible for sourcing and conducting investment & operational due diligence on hedge funds. Prior to that, Mr. Jain was at Channel Capital and Hedgefund.net, Guggenheim subsidiaries connecting hedge funds with allocators. He earned a BA in Economics from University of Michigan, and an MBA from The Wharton School at the University of Pennsylvania.

Prior to joining Tabor Asset Management, Tal was the Chief Financial Officer and Chief Compliance Officer at Glade Arch Capital. He previously served as the Financial Controller and Operations Manager at Engine No. 1, an impact-focused investment firm, and as a Financial Controller at Highline Capital Management. With a career spanning over 15 years in the Fund Administration space, he has also served as Vice President and Client Service Manager at Morgan Stanley Fund Services and as an Account Manager at Citco Fund Services, providing a variety of services to investment managers. Tal holds a degree from the Zicklin School of Business at Baruch College, where he graduated Magna Cum Laude with a B.B.A. in Finance & Investments.

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