Rob Romero: Why I shorted Facebook and Zynga early
August 08, 2012
Q&A with the Connective Capital PM on making money from tech and energy losers.
Most long/short technology and energy hedge funds invest in Silicon Valley from offices on the East Coast, far away from the hub of activity around the San Francisco Bay Area. That distance can lead to safer, long-biased bets, and unremarkable returns.
Investing from afar is not for Rob Romero. His Connective Capital Management makes a point of shorting tech and energy stocks from its home in Palo Alto, and using the team’s experience working for such companies as AMD, Broadcom and HP to inform its bets.
A former engineer and executive at Netsys and Cisco, among other communications and technology companies, Romero launched Connective in 2003 with $5 million. The firm now manages $100 million, employs three analysts and added chief operating officer Alex Antebi in June to help with its expansion.
Connective runs three strategies: beta neutral ($65 million); short-biased tech ($20 million), and emerging energy...
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