This interview podcast features Rich Howe interviewing Derek Pilecki, founder of Gator Capital, a hedge fund specializing in spin-off investing. The conversation begins with Pilecki's background, detailing his journey from Fannie Mae to founding Gator Capital in 2008, emphasizing his bootstrapped approach and the challenges of early-stage fund management. The bulk of the discussion focuses on Pilecki's spin-off investment strategy, using specific examples like Jackson Financial and BBX Capital to illustrate his approach, which prioritizes identifying undervalued companies with catalysts like upcoming dividends or overlooked assets. Pilecki also shares insights into his investment philosophy, including his preference for long positions and his approach to managing risk. Listeners gain practical insights into identifying potentially lucrative spin-off investment opportunities and managing a portfolio based on the experiences of a successful hedge fund manager.
