Cove Capital Management provides investment advice to a single managed account within a private investment fund. Cove's investment strategies involve actively managing portfolios of liquid U.S. investment-grade debt, including credit default swaps and options, focusing on relative value opportunities and capitalizing on market movements. The firm identifies opportunities through fundamental and technical research.
Cove Capital Management's management fee is negotiated annually with the fund's general partner and paid monthly. Cove also receives an annual performance fee based on net trading profits, subject to a hurdle rate and high-water mark. This fee is calculated by the fund's administrator and approved by the fund's general partner.