Harraden Circle is a multi-strategy, event driven firm.

Grounded in a value-oriented investment philosophy, we focus on identifying asymmetric investments in order to capitalize on market inefficiency.  Risk control is integral our approach, and we often target downside protection which can stem from a security’s unique structural features, an external event or catalyst, an inexpensive hedge or arbitrage opportunity, or from a heavily discounted entry price.  Our target markets are often structurally inefficient because they are either out-of-favor, under-researched, capacity constrained, or subject to supply / demand imbalances. Since attractive investments sometimes lie outside of traditional categories, our holdings may challenge conventional wisdom.

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Harraden Circle Investments, LLC was founded in 2016 with the goal of capitalizing on unconventional market opportunities. 

Our mission: To support the well-being of our partners by safeguarding and growing their assets.

Our Specialization

We conduct fundamental research on Special Purpose Acquisition Companies (SPACs).

We specialize in SPAC research because of the substantial market inefficiencies available within the investment area. SPACs are publicly traded securities that raise cash for the purpose of purchasing a private company to list on the stock market. Before effecting a transaction, the common stock of the SPAC is fully backed by cash which provides significant downside protection. After a transaction is announced, the complex deal-making process can generate event-driven and arbitrage-oriented investment opportunities. 

Our Strategy

We invest in SPAC securities and their transactions

Our goal is to capitalize on mispricing at each phase of a SPAC’s lifecycle, from IPO through deal completion. We employ both qualitative and quantitative methods when evaluating SPAC teams, structures, deals, and business targets. Our goal is to take advantage of structural inefficiencies and security-specific mispricing while limiting market exposure risk and avoiding portfolio leverage. This fundamental approach differentiates us from SPAC investors that pursue a more passive, long-only approach.

Our Team
Team

We foster a collaborative work environment which promotes independent thinking.

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Founder & Chief Investment Officer
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Frederick Vincent Fortmiller, Jr. (“Fritz”)

Founder & Chief Investment Officer
  • 20-year investment career

  • Fund of Funds management at Forester Capital (2006 – 2015)

  • Research and financial consulting at Cambridge Associates (1999 – 2005)

  • B.A., Philosophy, Yale University

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Chief Financial Officer/CHief operating Officer
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George Roeck

Chief Financial Officer/Chief Operating Officer
  • CPA/ MBA / JD with over 25 years operational experience

  • Most recently at Charter Bridge Capital Partners, a fund founded by a former Maverick Capital partner

  • B.A., Economics, Wagner College; M.B.A, St. Johns University; J.D., Touro College School of Law

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Connect with Pavithra
Research Analyst
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Pavithra Ahuja

Research Analyst
  • Fundamental analyst focused on detailed modeling and research of post-deal businesses

  • Buy-side experience following sell-side work at Standard & Poor’s subsidiary, CRISL

  • Finance Major, M.B.A from Institute for Financial Management and Research

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Research Analyst
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Eli Fonseca

Research Analyst
  • Quantitative analyst focused on modeling and data intensive projects

  • Advanced mathematics training and software development experience

  • Sc.B, Mathematics, Brown University

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Research Analyst
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Sang Min

Research Analyst
  • Quantitative analyst focused on event-driven ideas and research

  • Mathematics training and six years of SPAC investment experience

  • B.A. in Mathematics and B.A. in Economics from New York University

Contact Us

299 Park Avenue, 21st Floor, New York, NY 10171

Phone : 212.832.0111

Email: ir@harraden.com