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June 2015
Hurley Capital, LLC
825 3rd Avenue, 33rd FL
New York, NY 10022
SEPARATELY MANAGED ACCOUNTS
Contact: Charles Goldblum, CFA
[email protected]
212.605.0665
INVESTMENT OBJECTIVE
Hurley Capital’s principal objective is to generate superior risk-adjusted returns through the implementation of a flexible “long-biased” equity strategy.
Net Returns vs. S&P 500 Total Returns
Product Description:
Value of $10,000 Investment
Hurley Capital utilizes a fundamental sector-based
approach to identify conservative, value-oriented
opportunities in publicly traded securities. The investment
team performs detailed fundamental research to find
under-valued securities with high cash flow, strong
returns on incremental investment, and exposure to
growth opportunities. The intended result is a
concentrated portfolio with lower risk and lower volatility
than the S&P 500, that performs well in both upward and
downward trending markets.
Product Facts & Terms:
Firm AUM:
Inception Date:
Minimum Investment:
Structure:
Lockup:
Management Fee:
$146.6 million
August 30, 2003
$10k
SMA
None
2.60%
Volatility of HC Core Equity Composite vs. S&P 500 TR*
Net Returns:
For Period Ending
5/31/2015
Hurley
Capital
S&P
500 TR
Year-To-Date
1.68%
3.23%
Trailing 12 months
0.63%
11.80%
Trailing 3 Years
(annualized)
11.62%
19.68%
Trailing 5 Years
(annualized)
11.37%
16.54%
Cumulative
Since Inception
186.89%
166.06%
Supplemental Net returns, based on 2.60% fee per annum.
Charles Goldblum, CFA, Founder:
Chuck has over 20 years of diverse investment experience
across equities, fixed income, and commodities. At the time of
founding Hurley Capital in 2003, Chuck worked as an adviser to
Emancipation Capital, a technology-focused value oriented
hedge fund. Prior to moving to the buy side, Chuck covered
enterprise software as an Equity Research Analyst at SG Cowen
Securities, CIBC World Markets, and First Union Securities.
Prior to that, Chuck was a copper and nickel trader for
Trafigura AG, Glencore AG, and Marc Rich + Co AG in New York,
Moscow, and Zug. He graduated from Tufts University with a
double major in English and German Area Studies.
*Represented by 3-Year Ex-Post Standard Deviation Month-By-Month
Monthly Net Returns
2003
2004
2005
2006
2007
2008
2011
2012
2013
Jan
-
1.23%
1.82%
3.94%
1.40%
-4.21%
0.73% -1.67% 1.08%
2009
2010
5.92%
4.47% -1.66% -2.35%
3.00%
0.23% -0.23%
3.64% -2.06% 2.03%
Feb
-
1.75%
0.27%
-1.78% 1.47%
2.66%
Mar
-
1.70% -2.19% 1.02%
4.35%
-1.06%
2.03%
1.22%
2.11% -0.31% 2.86%
2.90%
5.54%
0.56%
2014
2015
4.30%
1.97% -1.09%
Apr
-
-1.22% -1.68% 2.86%
5.08%
3.47%
1.09%
May
-
0.30% -1.25% 1.22%
2.65%
3.88%
2.48% -2.57% -3.38% -3.39% 2.95%
0.05% -1.15% 0.95%
Jun
-
1.22%
Jul
-
-1.59% 2.60% -0.22% -0.17% -0.02%
Aug
-
0.09%
0.89%
0.30% -1.02% -0.82% -0.26% -0.51% -2.61% 2.13% -0.99% 2.08%
-
Sep
0.84%
1.32%
3.01%
0.22%
1.90%
-5.55%
1.41%
2.38% -4.79% 2.89%
5.33% -5.93%
-
3.68%
3.07% -0.03%
2.49% -1.23% -0.09% -1.65% -0.19% -0.98% -2.24% 1.86% -1.67% 3.78%
3.31%
2.56%
0.78%
0.44%
3.87% -1.20%
-
Oct
0.55%
0.43% -3.35% 2.89%
-5.68%
1.02%
1.70%
4.27% -1.88% 4.06% -1.79%
-
Nov
2.50%
3.18%
0.08%
2.28% -2.27% -4.24%
3.22%
1.73%
0.56% -0.99% 3.82% -0.01%
-
Dec
3.49%
2.83%
0.04%
0.02% -0.02%
1.68%
3.32%
1.22%
YTD
7.57% 11.76% 5.36% 14.30% 16.09% -14.99% 15.69% 12.00% 4.80% 12.37% 25.42% 3.18%
0.00%
Supplemental Net returns, based on 2.60% fee per annum.
1.16%
0.50%
2.33%
1.68%
Important Disclosures
Hurley Capital, LLC (“Hurley Capital”) is a registered investment adviser with its principal place of business in the State of New York. Hurley Capital and
its representatives are in compliance with the current registration requirements imposed upon registered investment advisers by those states in which Hurley
Capital maintains clients. Hurley Capital may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from
registration requirements. This brochure is limited to the dissemination of general information pertaining to its investment advisory/management services.
Any subsequent, direct communication by Hurley Capital with a prospective client shall be conducted by a representative that is either registered or qualifies
for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of
Hurley Capital, please contact Hurley Capital or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov).
The Hurley Capital Core Equity Composite represents actual client accounts which qualify on a quarterly basis. The Hurley Capital Core Equity Composite
allocates client portfolios in equity and fixed income investments, weighted according to Hurley Capital's proprietary investment strategy.
Actual client accounts utilizing the Hurley Capital Core Equity Composite may have varying allocations between equities and fixed income investments
based on individual investment preferences. The results of the Hurley Capital Core Equity Composite are net-of-fees, brokerage commissions, and other
expenses. Hurley Capital's investment advisory fees are described in the disclosure statement of Part II of the Form ADV, which is available upon request.
The results of the Hurley Capital Core Equity Composite include the reinvestment of dividends. Comparison of the Hurley Capital Core Equity Composite
to the S&P 500 Total Returns and NASDAQ Composite is for illustrative purposes only and the volatility of the indices used for comparison may be
materially different from the volatility of the Hurley Capital Core Equity Composite due to varying degrees of diversification and/or other factors. A list of
all recommendations made by Hurley Capital for the past year is available upon request.
Past performance of the Hurley Capital Core Equity Composite may not be indicative of future results and the performance of a specific individual client
account may vary substantially from the composite results above in part because client accounts may be allocated among several portfolios. Different types
of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable.
For additional information about Hurley Capital, including fees and services, see our disclosure statement as set forth on Form ADV from Hurley Capital
using the contact information herein. Please read the disclosure statement carefully before you invest or send money.