Other machines will follow, depending on the market and other factors, he says. According to its Form ADV filed in July 2021, Maplelane had regulatory assets under management of approximately $5.6 billion. It manages $3.31 billion of regulatory assets for 4 client accounts. Neil Crespi: 5: Maplelane Capital LLC: 3: Robert Crespi: 3: EDGAR Form CIK 2011 - 2022; 13F-HR: A spokesperson for Carlyle declined to comment. To make sure we give you all the details you need, our professional services team is available to you. Mr. Keane has over 31 years of experience in the engineering and technology industries and holds numerous Information Technology industry certifications. Prior to joining Penn Capital, Mr. Civera was a Research Analyst for AlphaOne Capital Partners where he covered Technology and Renewable Energy. The contracts Cyr inked in Europe allowed the company to quickly rehire nearly 225 employees to reopen the East Millinocket mill, which Brookfield had idled since last April, putting roughly 450 people out of work. Mr. Tesoriero received a BA from Cornell University, an MBA from the Robins School of Business at The University of Richmond, and a JD cum laude from the T.C. ), Initially, when the company emerged as a potential buyer of the mills, it didn't broadcast its plans for Thermogen Industries; it only vaguely referred to a renewable energy project. We won't be able to get it started. Cate Street looked for places it could bring efficiencies to paper making, and for ways to avoid the pitfalls previous owners had fallen into. Create a new password. Contact. Director of Research, Senior Portfolio Manager, Senior Partner. MAPLELANE OFFSHORE FUND, LTD. - fund raising filing - Form Ds Founded in 2010, Maplelane Capital is a hedge fund management company that focuses on short term equity invesments. Rice has had dozens of conversations over that time with entrepreneurs in Maine and across the country, including trips to several paper and pulp mills, about the technology and its applications. It manages $3.31 billion of regulatory assets for 4 client accounts. "Guys have come and gone up there and that's not what we're doing. Mr. Keane received an AAS in Electrical Engineering from the Radio Electronic Television School, aBS in Information Technology Management, and an MBA, both from The University of Phoenix. We're there for the long term and everything we're doing is about reinvesting into that area and those paper mills, as well as the Millinocket site for Thermogen. And when it does, the mill will be strategically placed at the entrance to the wood basket and to ship out product via rail domestically or internationally via Searsport, Cyr says. or to simply have an email sent to you whenever we receive a new "It's not that we're not about making money we are. Maplelane employs 20 people. Whalewisdom has at least 55 13F filings. Sec Form D Due to our new system upgrade, we are requesting all existing users to update their password. ", Backing those lofty goals, Cyr says the company is fully committed to the business and making the two Maine paper mills a main concern for the long term. Sign-up Clients pay Maplelane Capital LLC for their services and products based on a percentage of assets under management and performance-based fees. 82 percent of the employees work as investment advisers or researchers. However, Cyr cautions, that does not mean their futures' are dependent on each other. While at Aberdeen, he held additional roles including CCO for the North American closed end funds and Chief Financial Officer for Aberdeen in the Americas. The company`s registered agent is Berlin Robert 2020 Gordon Drive, Naples, FL, 34105. However, its plans came to light in December after the company announced it had spent $20 million to acquire the North American rights from a Scottish company to a microwave-based technology that produces torrefied wood. Our Team | penncapital As a member of the Equity Risk Committee, Mr. Green works closely with the equity portfolio management team to contribute ideas specifically in the micro to mid-capitalization range. LENAPE CAPITAL LLC has been set up 6/26/2018 in state FL. You are limited to the prior 8 quarters of 13F filings. ? It has been registered with the SEC as an adviser since 2012. Ex-Navab Capital Partner Hires Carlyle Exec for New Firm, This content is from: Mr. Bolen began his career with Penn Capital in 2013 and serves as an Assistant Portfolio Manager for Penn Capitals Small Cap, Small to Micro Cap, Small to Mid Cap and Mid Cap equity strategies and has over 20 years experience. During her time at Carlyle, Reing first oversaw the firms global real assets partnership accounting team. We take your privacy seriously. "So this is no small investment. Read More. ROBERT STEVEN CRESPI. He also gained experience working for Gartmore Global Investments as a Research Analyst focused on high yield and distressed securities, and W.R. Huff Asset Management, an asset manager specializing in high yield securities, as a trader and an analyst focused on high yield and equity securities. Maplelane Capital Location 51 Astor Pl Fl 10, New York, New York, 10003, United States Description Industry Fund profile, real-time performance, founders, 13-F holdings, positions and investment strategy. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. For instance the company is analyzing its energy use to reduce costs; assessing the wood-yard equipment; and adopting a lean manufacturing method to reduce variations in production. Mr. Hocker received both his BS in Accounting and an MBA in Finance from the Kogod School of Business at American University. The principal office where Maplelane Capital LLC performs its advisory services is located at 51 Astor Place, New York, NY 10003, which is also the mailing address of the firm. GameStop lead to a lot of hedge-fund headaches in January. Robert Crespi - Maplelane Capital | AlphaMaven | AlphaMaven He also served as the first high yield bond manager for several institutional clients including General Motors, State of Vermont Teachers Retirement Association, and Colorado Fire and Police. However, he says if anybody is going to be able to do that process effectively using existing energy sources to do the torrefaction, it certainly would be a pulp and paper plant.. Maplelane Capital, a $3.5 billion stock hedge fund, lost about 33% this month through Tuesday in part because of a short position on GameStop Corp., according to investors. Compare against similar firms. Feel free to get in touch with us at the address below or use the form to request information. Is this happening to you frequently? As President, her specific areas of responsibilities include human resources, business operations, and corporate governance. Find more contacts. Principal Place of Business and Contact Information 3. He received a BBA in Accounting from The College of William & Mary and an MBA from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. This decision is take in action on 2/28/2022. Beyond Penn Capital, Mr. Silva serves on the Investment Committee of the Valley Forge Military Academy. Maplelane Capital, LLC | LinkedIn If you're happy with cookies click proceed. for MAPLELANE CAPITAL, LLC, Top 20 equal-weighted holdings. They seem to have a good handle on what they're trying to do and how to do it. "Cate Street seems to be very willing to do the things necessary to make these mills profitable and to bring in other things like the torrefied wood to add to their profitability. ", As for Thermogen Industries, the company will benefit from the existing infrastructure in place and share resources with Great Northern Paper that will make them both more competitive. In October, it began construction on a 75 MW biomass plant in Berlin, N.H., at the site of the former Fraser Papers pulp mill. While at Pace, he authored a land use article that was published in thePace Environmental Law Review. These fees dont include brokerage commissions, interest, taxes, and other account expenses. Maplelane hedge fund drops 33% this month on short bets, report says Maplelane Capital provides portfolio management for pooled investment vehicles. We both grew up in Manhattan and have been friends since eighth grade. In order to use this feature, we need some information from you. containing a link to download the .zip file of the CSV file(s) you requested. Working together, the board and investment team continue to evolve our private equity portfolio to drive value for our members and beneficiaries.. He also gained experience working for the Center for Financial Research and Analysis, a forensic accounting research firm, as well as an Analyst for Global Capital Management. Each machine is expected to cost $35 million and produce roughly 100,000 tons of torrefied wood pellets a year to send to the United Kingdom where environmental laws are forcing coal-burning facilities to look for energy alternatives, according to Tranchemontagne. Torrefied wood production is nothing short of being a fantastic opportunity for this region, says Eugene Conlogue, Millinocket's town manager. degree and a Certificate in Environmental Law. The torrefaction process involves taking wood and heating it under reduced oxygen. Robert S. Crespi: Managing Member: March-2012: John M. Quinlan: Chief Compliance Officer, Chief Financial Officer: November-2014: Prior to joining Penn Capital, Mr. Green was with the Royal Bank of Scotland and the United States Securities and Exchange Commission where he served as a financial analyst in the Division of Investment Management. Performance Investing involves risk including loss of principal. "Otherwise, they'd move on to another investment. Mr. Hocker also founded and served as CEO of Covenant Bank, a NJ based regional bank which grew to 16 branches and $500m in deposits before being acquired by First Union in 1997. ? Hedge Fund The company`s registered agent is Berlin Robert 2020 Gordon Drive, Naples, FL, 34105. Today, Mike Kazma runs the familys investment firm, Amzak Capital Management. "So it's a good player. OriginalWhaleScore Award Methodology It doesn't provide financial planning services to its clients. Maplelane Capital Llc is a hedge fund that manages 1.2 BN dollars in regulatory AUM and has 10 employees, of which 8 perform investment advisory functions. He received a BS from Rensselaer Polytechnic Institute in Troy, NY and is a CFA Charterholder. *No aspect of this advertisement has been approved by the Supreme Court of New Jersey. (For more on the technology, see "Torrefaction: What it is," this page.). LongRange will invest between $50 million and $400 million in target companies via majority, minority, and joint venture stakes. As a member of the Equity Risk Committee, Mr. Bolen works closely with the equity portfolio management team to contribute ideas specifically in the micro to mid-capitalization range. In addition, Ms. Hocker serves as the head of Penn Capital's Philanthropic Committee, dedicated to giving back to the local community through various organization and partnerships. Navabs team, which included ex-employees of KKR and Kraft Heinz, had largely picked up the pieces following the fund closure, landing at Blackstone, TPG Capital, and Mantle Ridge. 212-235-0800: 3. divided by the total MV of the fund. They've done the homework. the 13F filing. They're following the game plan they started off with, and the plan is already starting to work.". While East Millinocket has a biomass boiler and can get by with a "virtual" natural gas line where the provider can deliver the natural gas via truck for the same price point as it would be over a pipeline the Millinocket mill cannot. The information contained herein: (1) is proprietary to Symmetric and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. [2]: Pace University Elisabeth Haub School of Law (J.D., Binghamton University, The State University of New York (B.A., 1980), U.S. District Court, District of New Jersey. Find contact's direct phone number, email address, work history, and more. Founded in 2010, Maplelane Capital is a hedge fund management company that focuses on short term equity invesments. CSG Law Alert: Goodbye to Stormwater Detention Basins? Chief Operating Officer, Spouting Rock Asset Management. Maplelane Capital Profile and History . But truncating the process produces torrefied wood, which can be burned like coal and produces between 5% and 10% more energy than straight wood, Rice says. "All of the stuff that had to do with the paper business actually was the same for what we needed for Thermogen.". 2023 CSG Law. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Please disable your ad-blocker and refresh. The torrefaction process is energy-intensive, shrinking the profit margins of any would-be producer of torrefied wood. Employees dont receive compensation from other entities for client referrals. "Initially, to be honest with you, the paper business was nothing we were interested in," says Richard Cyr, Cate Street's senior vice president. But our view is we can make a lot of money, but at same time make a difference in the world. He serves as the Chief Financial Officer for the Ethel Mae Hocker Foundation. Mr. Keane joined Penn Capital in 2009 as Vice President of Information Technology and nowservesas Chief Technology Officer. Even though the paper industry is contracting, it will stabilize, Cyr says. Andrew Daly, Chief Operating Officer of Spouting Rock, joined the firm in 2020 with a focus on innovation, productivity and collaboration. Mr. McBride is responsible for the oversight of the Penn Capitals finance, operations, technology, and administration functions and serves on the firms Executive Team, which oversees the firm's overall corporate strategy and management. The company will reopen it only if it makes economic sense, Cyr says. The current status of the business is Active. It doesnt run an office outside of the United States. No employees are registered as investment adviser representatives with the state securities authorities. Maplelane Capital - Asset Management Observer Maplelane Capital For full access to AMObserver including all jobs, executives, news, AUM, and employee count history subscribe now. In East Millinocket, Great Northern is "very aggressively attacking every area to create efficiencies and to modernize and to invest in that paper mill so it's sustainable in the long term," he says. Venture Capital & Private Equity, Finance. Robert Crespi's Phone Number and Email. MAPLELANE CAPITAL LLC- Ratings & Rankings by Symmetric A spokesperson for MKH did not return an email seeking comment. The company employs 17 people that are either part- or full-time employees. 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