Kestrel Investment Management Corporation provides investment management services to individuals, institutions, and a private investment partnership. Founded in 1993, Kestrel specializes in investing primarily in U.S. small and mid-cap value stocks, utilizing fundamental analysis and quantitative screens to identify undervalued companies and those undergoing management restructuring, such as share buybacks or spin-offs. Kestrel manages separate accounts according to client-provided objectives and restrictions, and also serves as the general partner for the Kestrel Investment Fund. The firm avoids market timing and macroeconomic forecasting, focusing instead on microeconomic trends and company-specific catalysts.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $3.0M | 1.25% |
| $3M+ | 1.00% |
Fees are subject to negotiation. Institutional clients pay 1.00% on the first $3,000,000 and 1.00% on the balance. The fund charges a management fee of 1.0% per annum.