Pennington Capital

Pennington Capital Management, LLC is a Minneapolis based investment firm founded in 2010 by Robert J. Evans, who is the largest investor in the fund. The fund provides investors with exposure to a diverse portfolio of small and mid-cap equities. Pennington Capital’s objective is to produce consistent, double-digit annual returns, while focusing on capital preservation and minimizing downside risk. When first considering an investment, we start with analyzing downside risk before looking at upside potential. We look for growth-oriented companies with an attractive valuation compared to their peer group or the broader market, that are undergoing changes that could be a catalyst for growth. Conversely, we look for negative catalysts of change that present short opportunities. Pennington Capital typically maintains 30%-50% net long exposure, with gross exposure between 80%-130%. Our portfolio is typically constructed of 40-50 long positions and 15-25 short positions.