How This Value Investor Beat the Market and Grew His Hedge Fund | Yaron Naymark | 1 Main Capital

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Over the last 8 years, Yaron Naymark, founder and managing partner of 1 Main Capital, has patiently grown his concentrated long-biased hedge fund by outperforming major equity benchmarks like the S&P 500. Any manager who has been in his shoes though will tell you that outperforming the market isn’t enough to attract the institutional capital necessary to seriously scale a fund. Here he discusses the importance of consistency of communication with investors, how his portfolio management has evolved, and the other operational improvements he has made that have helped spur growth. He also discusses a $20m strategic investment from Cannell Capital he took in 2025 and how he thinks about these types of “seed” deals.

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Timestamps

00:00 Introduction and Personal Insights on Investing

00:43 Guest Introduction and Fund Background

00:55 Fund Growth and Milestones

02:41 Challenges and Turning Points

03:20 Marketing and Investor Relations

07:41 Economic Considerations and Fund Management

10:51 Investment Philosophy and Strategy

27:08 Podcasting and Public Engagement

28:55 Transparency in Investment Strategies

29:41 Audience Growth and Distribution

31:03 Pitching Ideas and Raising Capital

32:20 Investment Minimums and Investor Relations

33:37 Marketing and Outreach Strategies

36:57 Switching to Jefferies and Other Service Providers

42:57 Strategic Investment from Cannell Capital

51:54 Hiring an Analyst and Future Plans

55:19 Managing Fund Capacity and Performance

58:40 Conclusion and Contact Information