Hedge Funds

Goodrich applies governance

by

John Goodrich, former director of research at long-only investment management boutique Ram Trust Services, has started up his own fund which looks at the popular issue of corporate governance when it comes to its investment philosophy. Casco Bay Active Value Fund employs a long/short equity strategy with a focus on value and governance.

Goodrich is looking for securities that are trading for less than his estimate of a company's intrinsic value, which he determines primarily by looking at the prospective free cash flow yield. The fund will go long companies that have a high free cash flow and