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Making Money with Crescat Capital

Summary:
Kevin Smith, Tavi Costa and Patrick Highsmith are this week’s guests. Crescat Capital became known to your host when one of the top exploration geologists in the world and a regular guest on this show, Dr. Quinton Hennigh, joined the company as its technical advisor. His job is to assist Crescat in selecting small exploration companies that are in the process of discovering world class mineral deposits. Even before Quinton joined them, Crescat had won a large number of awards as a top hedge fund firm over the past couple of decades. While most firms were suffering large losses over a 5-year period ending in 2010, Crescat averaged 27.2 % annual gains which included the worst stock market crash since 1929. The same independent thought process that enabled that success has now led the company

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Kevin Smith, Tavi Costa and Patrick Highsmith are this week’s guests.

Crescat Capital became known to your host when one of the top exploration geologists in the world and a regular guest on this show, Dr. Quinton Hennigh, joined the company as its technical advisor. His job is to assist Crescat in selecting small exploration companies that are in the process of discovering world class mineral deposits. Even before Quinton joined them, Crescat had won a large number of awards as a top hedge fund firm over the past couple of decades. While most firms were suffering large losses over a 5-year period ending in 2010, Crescat averaged 27.2 % annual gains which included the worst stock market crash since 1929.

The same independent thought process that enabled that success has now led the company to focus heavily on commodities and precious metals as they recognize that the biggest gains at this time can be made by investing in small cap companies that are able to discover world class gold and silver deposits. Hence the addition of Dr. Hennigh as a vital member of the team in identifying companies that have what it takes for exploration success. Names like Eloro Resources, Eskay Mining, and Lion One Metals, all sponsors to this show and heavily invested in by Crescat, are on their way to outlining billion-dollar gold and silver assets.

Tavi and Kevin explain why they favorite gold and silver exploration stocks at this time and Patrick Highsmith explain the exciting investment thesis behind Firefox Gold, which is also an investment held by Crescat and a sponsor to this show. Fortunes are being made in the junior exploration sector and few, if any, hedge funds are finding more success in that sector than Crescat Capital.

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Making Money with Crescat CapitalKevin Smith, CFA, is the Founder and CIO of Crescat Capital. He has been managing investment portfolios since 1992, a career spanning multiple business cycles. Kevin has been the lead Portfolio Manager of Crescat’s five investment strategies since their respective inceptions. He is the creator of Crescat’s firmwide global macro investment process and systematic equity valuation model. Prior to founding Crescat, he worked as a Wealth Advisor with Kidder Peabody. He earned an MBA from the University of Chicago Booth School of Business with a specialization in Finance and a concentration in Statistics. Born and raised in the San Francisco Bay Area, he received a bachelor’s degree in Economics and German studies from Stanford University. He holds the Chartered Financial Analyst designation.

Making Money with Crescat CapitalOtavio (“Tavi”) Costa is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He built Crescat’s macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, and Reuters. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University. 

Making Money with Crescat Capital Patrick Highsmith is Chairman of Firefox Gold Corp. A professional geologist and mining executive with 29 years of experience in exploration, operations, business development & leadership roles for companies, including: Rio Tinto, BHP Billiton, Newmont, Lithium One, Pure Energy Minerals, and Fortescue Metals Group. Mr. Highsmith has worked on more than 250 projects around the world, leading teams through creative transactions, new discoveries, scoping, and prefeasibility studies. He is experienced in the capital markets, having been associated with all manner of financings and transactions. Patrick has been targeting gold in Finland since 2005, and has been integral in building FireFox. He is also the Pres. & CEO of Timberline Resources, a mineral exploration and resource development company focused on gold and copper discoveries in north-central Nevada, USA.

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