Smith Cove Capital on Blogger

About Smith Cove Capital

Smith Cove Capital is a Florida-based investment firm that is led by Wall Street veteran David Russekoff as a family office. The firm focuses on managing risk, while taking positions in distressed or dislocated securities that offer significant upside potential. The Smith Cove Capital team has extensive knowledge of sectors that have been impacted by policy and regulatory changes, as well as market forces. Positions taken by the firm may involve default and downgrade situations, as well as situations where institutions cannot or will not take ownership.

An established presence in the hedge fund realm, Mr. Russekoff gained a reputation for buy-side and sell-side results during his years as chief investment officer with Perry Capital. Among his many impactful decisions were positions taken against an overheated real estate market prior to the Great Recession, as well the strategic acquisition of defaulted Greek and Argentinian bonds.

The firm's foundational investment strategy is differentiated and largely uncorrelated, with price movements on one asset not impacting valuations on other assets.