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Element Capital Management LLC is an American hedge fund founded in 2005 by Jeffrey Talpins. The firm was founded in February 2007.
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Company overview
Element Capital is headquartered in New York City. In 2015, the company opened an office in Mayfair, London. In the first half of 2016, Element Capital returned 8.8%, beating the average hedge fund which returned 1.6% in that same period. The hedge fund was up 7 percent through May in its macro fund and then saw additional gains for the month of June. Element Capital had raised $1.5 billion from investors for that pool in March. In 2015, Element Capital returned 22.7%, making it one of the top performing hedge funds. The fund gained 2 percent in August 2016, bringing returns for the year to 11.5 percent.
In November of 2016, Element Capital decreased its stake in Alcoa Inc. (NYSE:AA) by 39.1% during the second quarter, reported by Holdings Channel. Element had owned 77,540 shares of the company’s stock after selling 49,727 shares during the period. The company's total holdings in Alcoa were worth $719,000 as of its most recent filing with the SEC at the time. The hedge fund saw a 4% gain in November 2016 as a result of Donald Trump winning the election. In 2017, the hedge fund purchased new shares in Cypress Semiconductor Corporation worth $9,495,000.
Key people
In 2012, Adam Prestandrea joined Element Capital, stepping down as co-head of investments at Arpad Busson’s EIM SA. In 2014, Richard Tang joined the hedge fund, leaving his position as the head of North America sales at Royal Bank of Scotland Group Plc’s securities arm.
Awards and recognition
In 2015, Element Capital won awards in Global Macro and Long Term Performance at the Absolute Return Awards. In 2016, Element Capital won "Macro Hedge Fund of the Year" at the Institutional Investment Awards.