Joe Feshbach Partners has launched an offshore version of its Crisis Investing strategy, a program introduced in April this year to exploit stock market overreactions to crises suffered by small and mid-cap companies.
Such crisis events include delayed regulatory filings, government or civil investigations, accounting scandals or restatements, intellectual property or patent litigation, management turnover, earnings misses and revisions to earnings guidance.
Feshbach currently manages $22.6 million in this strategy, which the firm has employed in separate accounts since 2000. The new offshore fund, which opened in July, accommodates interest from tax-exempt and overseas investors. Joe Feshbach, the firm's