Michael Vincent Scotto

Chesapeake Partners Management Co. manages investment funds that seek to achieve above-average returns through “event specific” investing with a value overlay. This includes investments in issuers which are engaged in or undergoing extraordinary events, such as mergers, acquisitions, recapitalizations, liquidations or other corporate restructuring transactions where there is a perceived differential between the value to be received upon successful consummation of the anticipated transaction or event and the current market price. Other investment opportunities are found in the securities of companies undergoing extraordinary events such as regulatory approval processes, management changes, litigation situations, industry-specific transformations, as well as those emanating from a range of macroeconomic occurrences. The funds invest in a broad range of securities and other instruments, including equities, equity-related securities, bonds, other fixed income securities, options, futures, other derivatives and currencies.

Scout Capital Management's investment objective is to maximize risk adjusted returns over the long-term, primarily through investments in equity securities and opportunistically in credit instruments and securities. The funds' investments may include U.S. or non-U.S., long or short positions in publicly traded or privately issued or negotiated common stocks, preferred stocks, stock warrants and rights, corporate debt, bonds, notes or other debentures or debt participations, convertible securities, fixed income securities, swaps, currencies, options, futures contracts, commodities and forward contracts, derivative instruments, fund interests and other securities or financial instruments including those of investment companies. Scout sometimes takes large positions, which can result in highly concentrated client portfolios. Scout generally makes capital allocation decisions based on bottom-up fundamental research. They generally focus on opportunities within certain business models or industries which they believe they maintain some specialized knowledge. Scout maintains a flexible approach with regard to determining net exposure, shifting the net exposure depending on the relative attractiveness of long versus short opportunities in the market. In general, the firm seeks to maintain a net long bias.

Functions as a College/University

Provides brokerage services

Provides brokerage services

Provides investment management services