Losers can become winners rather quickly (and vice versa). Or so says Kingdom Ridge Capital's marketing materials. The new technology-focused equities shop, founded by SAC Capital Advisors alums Chris Zepf and Brian Thonn, cites examples where the "see-saw" demand and product cycles provided moneymaking profits for long and short positions in the same stock. In keeping with this rationale, the firm will be one of the few now launching to treat the short book as a profit center.
The firm's pedigree matches its high expectations. Zepf, the firm's primary portfolio manager and managing principal, was rated the number-one