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The Hedge Bug Bites

Traders Magazine, December 2002

Kathryn M. Welling

Tim Curro, who runs hedge fund Value Holdings LP, and a couple of private partnerships from offices on New York City's Lower Broadway, is an unassuming sort of guy. Brilliant, hard-working. And it all might have been wasted on a legal career if he hadn't run into an inspiring personal finance prof while working his way through UC Davis. Instead, he detoured through Berkeley to pick up an MBA only to find that no Wall Street firm showed the slightest interest in the valuation models for E&P companies he'd worked on all through grad school. Nothing daunted, Tim took the only job he was offered, as a corporate financial analyst, and started researching and writing an investment newsletter, on robotics, in his spare time. Which he circulated strictly to 200 investment types he figured might hire him. In 13 months, it worked. He was hired as a junior analyst in San Francisco and by the early '90s he had moved to NYC to cover E&Ps for Lehman. Several nice calls later, Tim found himself putting in a stint at Omega Advisors. And bitten by the hedge bug. This hasn't been Tim's - or his partners' - favorite year. Still, they're well ahead of the game. And Tim, a stickler for value, is having no difficulty finding stocks he wants to buy. Now. -KMW

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