David Fiszel, Founder and CIO of Honeycomb Asset Management
David Fiszel is the founder and CIO of New York-based Honeycomb Asset Management. He founded the firm in 2000 and has since been involved in two investments. His firm’s net exposure is 54.1%. He is known for his commitment to value investing. The firm specializes in private equity investments.
David Fiszel is the founder and CIO of Honeycomb Asset Management
David Fiszel, the founder and CIO of Honeycomb Asset management, is known for his innovative approach to investing. He has over 25 years of experience and has worked at some of the world’s biggest companies. Before establishing his own firm, Fiszel worked at Point72 Asset Management and S.A.C. He has been mentored by many of the top names in the industry. Today, Fiszel oversees over $1.4 billion in AUM.
Before founding Honeycomb Asset Management, David worked as a portfolio manager at S.A.C Capital, where he was responsible for developing and implementing investment strategies for the firm’s clients. He was also a financial analyst at Omega Advisors from 1996 to 2000. David is a graduate of Stuyvesant High School and the University of Texas at Austin. He also serves on the board of the NYU Langone Center for Musculoskeletal Care, and he and his wife, Sarah, live in New York City.
The firm is based in New York
Honeycomb Asset Management LP is a New York-based private investment company specializing in long/short equity and select private investments. The firm was founded by David Fiszel in 2016. The firm has since grown to an AUM of over $1.4 billion. The firm’s investment portfolio covers a variety of global industries and focuses on innovation and long/short equity. David Fiszel holds a B.B.A. in finance and is the CIO and founder of the firm.
The firm is backed by Steve Cohen and Dan Loeb. It recently announced a first-quarter return of 9.3% net of fees, outperforming the hedge fund index by 2.3%. The fund has over $330.7 million under management and invests in the consumer, media, technology, and telecommunications sectors.
It has made 2 investments
In the first quarter of 2018, the Honeycomb Asset Management fund returned 9.3% after fees, outperforming the hedge fund index by nearly two percentage points. The fund, founded by David Fiszel, manages $330.7 million, with a focus on technology, media, telecommunications, and the consumer sector.
Honeycomb’s investments are typically in smaller-cap rounds of 1-2 partakers. Some of its investors have included Leumi Partners, Oaktree Capital Management, and Shawbrook Bank. These companies are typically significant sponsors for the fund’s first-round investments. Next-round investments are usually sponsored by Da Vinci Capital.
The firm focuses on innovation and growth equity investments. It invests globally in media, technology, and telecommunications companies. The firm aims to invest in companies that will help build the world of tomorrow.
It has a net exposure of 54.1%
Hedge fund manager David Fiszel is betting on companies that support freelancers. He is the founder of Honeycomb Asset Management and was previously a money manager at Point72 Asset Management. Among the companies that he is betting on are Fiverr International Ltd. and Adobe Inc., both of which make software that freelancers use. Fiszel says that while he prefers to stay in the fat part of the bell curve, his firm is taking a more diversified approach and is investing in companies that support the freelancer community.
It has made 2 investments in Musk’s Twitter buyout
The details of Musk’s Twitter buyout were revealed in an SEC filing published on Thursday. The deal reportedly involves seven billion dollars in equity commitments from private investors and friends. The company’s investors include Larry Ellison, who has pledged up to $5 billion in the deal. The two firms that invested in Twitter have been linked to the buyout before.
The initial plan was to use $21 billion in personal equity and loans to fund the acquisition. Of that, about $12.5 billion was secured against Musk’s shares in Tesla. The deal has since been put on hold. The news led to concerns about anti-money laundering compliance. The new owners are expected to be a mixture of friends and rivals. The investors include the founders of two major crypto exchanges, a private equity firm and a hedge fund.