How This Value Investor Beat the Market and Grew His Hedge Fund | Yaron Naymark | 1 Main Capital
Other People's Money with Max WietheShow Notes
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Over the last 8 years, Yaron Naymark, founder and managing partner of 1 Main Capital, has patiently grown his concentrated long-biased hedge fund by outperforming major equity benchmarks like the S&P 500. Any manager who has been in his shoes though will tell you that outperforming the market isn’t enough to attract the institutional capital necessary to seriously scale a fund. Here he discusses the importance of consistency of communication with investors, how his portfolio management has evolved, and the other operational improvements he has made that have helped spur growth. He also discusses a $20m strategic investment from Cannell Capital he took in 2025 and how he thinks about these types of “seed” deals.
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Timestamps
00:00 Introduction and Personal Insights on Investing
00:43 Guest Introduction and Fund Background
00:55 Fund Growth and Milestones
02:41 Challenges and Turning Points
03:20 Marketing and Investor Relations
07:41 Economic Considerations and Fund Management
10:51 Investment Philosophy and Strategy
27:08 Podcasting and Public Engagement
28:55 Transparency in Investment Strategies
29:41 Audience Growth and Distribution
31:03 Pitching Ideas and Raising Capital
32:20 Investment Minimums and Investor Relations
33:37 Marketing and Outreach Strategies
36:57 Switching to Jefferies and Other Service Providers
42:57 Strategic Investment from Cannell Capital
51:54 Hiring an Analyst and Future Plans
55:19 Managing Fund Capacity and Performance
58:40 Conclusion and Contact Information
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This episode is brought to you by Sarmaya Partners. Learn more about Sarmaya’s LENS ETF, their full data and comparison, including performance here: https://sarmayaetf.com/
This episode is brought to you by Sarmaya Partners. Learn more about Sarmaya’s LENS ETF, their full data and comparison, including performance here: https://sarmayaetf.com/
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