JLF Asset Management, Jeff Feinbergs Delmar, Calif., long/short equity shop, has reached $740 million and plans to close to new investments at $800 million.
JLF Offshore fund produced a net return of 14.34% through May and was up approximately 16% through mid June. Since the funds inception nine years ago, it has produced a net annualized return of about 22%.
JLF is a proponent of GARP, or growth at a reasonable price, and employs an intensive research process involving frequent contact with company management teams, industry experts and competitors.
The firms long portfolio consists of positions in companies that