Trigran Investments is an Illionois-based hedge fund that was founded in 1992 by Douglas T. Granat. Doug Granat currently serves as the fund’s Director/President alongside Larry Oberman, who joined the fund in 1993 and is currently its Director/Executive Vice President. The fund has regulatory assets under management of around $550 million (2017). Trigran uses a fundamental approach in analyzing its potential investments and holds a relatively small number of holdings. The fund generally prefers to invest in companies that have a market capitalization of under $2 billion, and which it believes are trading at a discount to their intrinsic value. Trigran’s benchmark is the Russell 2000 Index, which it seeks to beat over the long run.