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Hedge Fund - Scoggin

Curtis Schenker And Craig Effron Bio, Returns, Net Worth

Scoggin Capital Management is a New York-based hedge fund sponsor founded by Curtis Schenker and Craig Effron. The firm takes an event-driven approach, choosing companies that are going through some type of restructuring, be it mergers, spinoffs, bankruptcies or financially distressed companies.

Scoggin Capital Management is a New York-based hedge fund sponsor founded by Curtis Schenker and Craig Effron. The firm takes an event-driven approach, choosing companies that are going through some type of restructuring, be it mergers, spinoffs, bankruptcies or financially distressed companies.

Curtis Schneker and Craig Effron started Scoggin Capital Management in 1998. Craig Effron is responsible for the firm's credit opportunity fund while Curtis Schneker serves as Scoggin Capital Management's CEO and Managing Partner. Between its inception and August 2007, Scoggin Capital Management produced an average annual return of 18.2 percent after fees, using no borrowed money. He only had one year in which he lost money. That was 2002 and his fund was down 1.3 percent. Scoggin Capital Management also carries the distinction that his returns are not correlated with the performance of the S&P 500. In 90% of the times the months that the S&P 500 lost money, Scoggin Capital Management made money.

Craig Effron and Curtis Schenker do this by buying put options on the market indices, or shorting them using ETFs or futures when options are expensive. Curtis Schneker and Craig Effron never short individual stocks as a hedge, but sometimes they will sell short if they believe those stocks are going to go down. So, they tries to create some value on the short side as well.

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Curtis Schenker And Craig Effron
Fund Profile
Filing Period:
Fund Name: Scoggin
Manager Curtis Schenker And Craig Effron
Portfolio Value $581,632,000
Change This QTR +0.65%
Fund Holdings Sector Distribution
Filing Period:
Last update:
No. Security Ticker Shares Value (x$1000) Activity % Port
1. DEPO 2,806,000 $70,066 +88% 12.04%
2. COG 2,090,700 $53,940 +122% 9.27%
3. RRC 1,066,500 $41,327 7.1%
4. SPY 176,000 $38,069 -77% 6.54%
5. HUM 192,000 $33,963 -26% 5.83%
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