Founded in 1987:  

more than 20 years of

outstanding returns.

Equilibrium Strategy - disciplined and well-researched.
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ABOUT VCM
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FOR OBSERVERS & PARTNERS
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VCM IN THE PRESS
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"ValueSearch", "VCM", "ValueSearch Equity", "ValueSearch Equilibrium",  "ValueSearch Static Equilibrium", and "ValueSearch Dynamic Equilibrium" are trademarks of ValueSearch Capital Management, LLC.

Copyright © 1990-2010 by ValueSearch Capital Management, L.L.C. All rights reserved.

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Michael I. Schwartzman, President
ValueSearch Capital Management, LLC

Welcome to ValueSearch Capital Management


I founded ValueSearch Capital Management (VCM) more than 20 years ago. Its investment principles and rules of conduct with prospects, limited partners, service providers, and regulators reflect my personal principles to a great degree. By studying the documents on this website, you will learn about VCM’s investment frameworks, our past investment returns, and the investment manager who will manage the hedge funds you may become a limited partner of.

And in your search for a hedge fund manager, nothing will be more important than establishing your trust in the fund manager, and relying on this trust when events in the market or the economy happen too fast for your own thoughtful reflection.

We will be up-front with you on this website, and we will disclose our past returns and investment decisions, including our mistakes. The website will allow you to study our investment frameworks, our legal framework, and the principles that govern our relationship with our limited partners.

If you become a limited partner of one of the hedge funds run by VCM, you will benefit from what you see on this website: an honest discussion of our decisions, returns, and strategic moves. We will treat you as a true partner, and we expect you to put some effort into understanding the General Partner, who will manage your money. Take your time and get to know us. Our website is an excellent tool for this, but you must be willing to put some time into this effort.

During the next crisis of the stock market, your thorough study of our past decisions, our past letters to our partners, and our past returns, will allow you to understand our decisions. That’s when your homework in studying your manager will pay-off, the same way our homework pays off when studying the companies and instruments we invest in. Doing our homework allows us to make profitable decisions when many market participants base their decisions on emotions or shallow knowledge, quickly obtained during the crisis.

VCM’s website will allow you to make intelligent decisions related to choosing and monitoring the manager of your hedge fund. Use it well.


With warm regards,


Michael I. Schwartzman, President
ValueSearch Capital Management, LLC

 

Partnerships Managed by VCM


VCM manages limited partnerships (hedge funds), both domestic and offshore, whose investment framework was developed by VCM in the past several years.

This framework, ValueSearch Equilibrium Strategy, is a highly disciplined, proprietary to VCM strategy, and is based on the most recent research of ETF properties and behavior. VCM has very high expectations for this strategy.

Partnerships managed by VCM are open only to US accredited investors and non-US investors meeting similar restrictions. More about the definition of “accredited investors” can be found in How to Access This Site. Make sure, please, that you understand the Terms of Use and Disclaimer.

 

Next Step: Using This Website


If you wish to study VCM and its investment returns in depth, a good start would be the Investment Strategies, the ValueSearch Equilibrium Strategy and the ValueSearch Equity Strategy Returns sections. However, access to the essential content of these sections requires a password.

How to Access This Site will help you understand the access procedures and the restrictions on access to this website.

You and the VCM Website further describes how this website will assist you in learning about VCM.


Your use of this website signifies that you agree to our Terms of Use and Disclaimer