Bruder’s combination of fundamental analysis and statistically-based hedges is designed to extract the main component of return while limiting exogenous threats to company valuations:
Emphasize Cash Payments – we seek out securities with timed and growing payments: dividends, production payments, interest on underlying loans and bonds. These are main contributors to investment returns over the long term.
Seek Events – we search for securities whose value is misunderstood in the market and can be expected to re-price during a specific time frame due to: accounting mishaps, delayed financial statement filings, asset dispositions or acquisitions, spinoffs, reorganizations, bankruptcies, and other corporate events.
Protect Capital - we create our portfolio with the intention of limiting the underlying risk to either the timely cash payments we receive or the value we expect to realize from an event. This sometimes requires the use of commodity, index, and sector hedges.
Bruder Capital was established as a limited liability corporation in March 2009. Funding commenced in Q2 '09 with partners investing $780,000 for 156 Class A Common Share Units at a price of $5,000.00 per share. A second round of financing was completed in Q1 '10 totaling $125,000 when Bruder issued 15.6 Class A Common Share Units at a price of $8,229.04 per share. Bruder completed a third round of financing in Q1'11 totaling $400,000 when it issued an additional 44.26 Class A Common Share Units at $9,038.41 per share. In January 2015, Bruder completed a fourth round of financing totaling a net $728,399 by issuing 66.27 net Class A Common Share Units at $10,990.79 per share. Funding to date totals $2,033,399. There are presently 281.59 Class A Common Share Units outstanding.