Tontine Partners
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average rating: 3.70 / 33 ratings
DESCRIPTION:

Date updated:11-15-2007

Tontine is a multi-billion dollar Greenwich based Hedge Fund managed by 45 year old Jeffrey Gendell. The fund was started by Gendell in 1997 and has since posted spectacular returns, gaining more then 100% in both 2003 and 2005. Gendell’s specialty is picking a macro-styled theme, buying very large positions in companies that benefit from that theme, and then working with or pressuring management to improve shareholder returns. Famous examples including buying homebuilders in 2003 and various major steel companies in 2005.

Gendell is a graduate of Duke University and began his Wall Street career at Smith Barney, working in the corporate finance department. His fund is named after 17th century Italian banker Lorenzo de Tonti, who invented an annuity where several partners invest and receive annual dividends. As each investor dies off their share is credited to the remaining partners, leaving the last man alive with all the money. The name is a play on Gendell’s desire to be the “last investor standing.”

symbol name last price % change open
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  • WNC
    Wabash National C
  • $1.36
  • 0.00%
  • $1.33

No Analysis added

People owning WNC also tend to own: AMDGSTMOBENMHCOPWVPRSTTLCV

TheStreet.com Rating: D What is this?

  • +
  • WGII
    Wgii
  • $0.00
  • N/A
  • $N/A

No Analysis added

People owning WGII also tend to own: AWIBBIBOLEKHAICOIDT

TheStreet.com Rating: No Rating What is this?

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  • TRN
    Trinity Industrie
  • $15.14
  • 0.00%
  • $14.94

No Analysis added

People owning TRN also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: C What is this?

  • +
  • KBH
    Kb Home
  • $15.51
  • 0.00%
  • $15.01

No Analysis added

People owning KBH also tend to own: AETBZHCGIFBPHOVLUKMDC

TheStreet.com Rating: D What is this?

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  • CTX
    Centex Corp.
  • $8.61
  • 0.00%
  • $8.29

No Analysis added

People owning CTX also tend to own: CFCGFICSGLSTRMOTTRFWU

TheStreet.com Rating: D What is this?

  • +
  • SGR
    Shaw Group Inc.
  • $28.60
  • 0.00%
  • $29.37

No Analysis added

People owning SGR also tend to own: ABDBOHCNOCOODJOEEFTELX

TheStreet.com Rating: D+ What is this?

  • +
  • NAV
    Navistar Intl Cp
  • $39.72
  • 0.00%
  • $40.01

No Analysis added

People owning NAV also tend to own: PGTIWLTAXRBIDUCHAPGSPCP

TheStreet.com Rating: C What is this?

  • +
  • RYL
    Ryland Group
  • $17.90
  • 0.00%
  • $17.11

No Analysis added

People owning RYL also tend to own: AESAKSAMRAMTDAMZNCECOCLF

TheStreet.com Rating: D What is this?

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