Voce Capital Management

Voce Capital Management (Voce) is a California-based value-oriented investment management firm that focuses on long/short equity strategies with a selective activist approach (approximately half of its returns). The firm invests in companies whose valuation is based on extensive and proprietary fundamental research, impacted by capital misallocation, managerial deficiencies, improper or misaligned incentives, operational underperformance, governance dysfunction, and/or strategic issues of scale or scope. Voce invests in companies where it believes the catalyst to address such issues is identified and actionable. It also may engage in substantive dialogue with the management, board of directors, and other stakeholders of such companies to effect changes it believes address the company’s issues and narrow the valuation discrepancy. The firm primarily invests in US-based companies; is concentrated, and may hold its investments for extended periods. The firm seeks long-term capital appreciation by generating superior risk-adjusted returns.