European shorts, packaging, and financials with investor George Livadis | Value After Hours S06 E39
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Alright. We are live. This is Value After Hours. I'm Tobias Carlisle, joined as always by my co host, Jake Taylor. Our special guest today is George Lovatus of Upslope Capital. How are you, George? Good.
How are you guys doing? Welcome. Thank you. I've
known George through his Twitter account for quite a few years. Always enjoy what George puts out on that Twitter account. But George, just for folks who don't know you, fund about, and so on?
Yeah. So I'm I'm based in Denver. I've lived here for moved here about 9 years ago. My background, I started out, like a lot of folks, started out as a banker. You know, kinda the first half of my career was more investment banking. Was definitely a late bloomer to the investing world and the buy side. I I was think of the the one sort of moment for me that that kinda got me hooked. And, frankly, it took a little while to even realize that I've been hooked, but, but it got me, which I went to business school during the financial crisis, and was just investing my own account and had had no clue
What, what's the focus at Upslope? How do you how do you talk about your strategy?
Yeah. It's it's a classic long short equity hedge fund. So it's global. So I'd say at any given point, you know, a a third or maybe half of the portfolio is non US, mostly, it's a developed market. So mostly, you know, Western and Northern Europe. Mostly mid cap focused, but I've got some leeway to kinda go up and down above that, but I kinda like the the bull's eye to be on mid caps. And I think, you know, in general, the the the goal of the strategy is to deliver equity like returns with with much lower volatility or much lower market risk. So, you know, pretty uncorrelated with traditional
you shorted, foreign companies? Do you do you short in Europe?
Not as much as I probably should. But, yeah, I I I have I have some some European shorts and have have kinda shorted some of them. But in general, I'd say, it's it's a it's an interesting it's a good question because it like I said, I should I should probably be a little more balanced than I have been over time, but, you know, I I do have some, but just not as not that many. How
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