RICHMOND, Va., July 13, 2017 /PRNewswire/ -- Keith Smith and Willow Oak Asset Management today announced the launch of a private investment partnership named the Bonhoeffer Fund, LP.
The Bonhoeffer Fund's portfolio will be managed by Keith Smith with administrative support provided by Willow Oak Asset Management, a subsidiary of Sitestar Corporation (OTCQB: SYTE). Mr. Smith will employ a long-only, concentrated, value-oriented strategy with a focus on global securities of companies with market capitalizations of $100 million to $500 million.
"This partnership gives outside investors an opportunity to access the investment strategy that I have developed and executed for more than 15 years across various international markets. Bonhoeffer Fund will benefit from Willow Oak's operational infrastructure, which allows me to search the globe for investment opportunities and like-minded partners," said Keith Smith, Bonhoeffer's Fund's Portfolio Manager.
"Keith is a special investor and we are excited to partner with him on the Bonhoeffer Fund. His value investing framework and long-term focus fit perfectly with our investing philosophy, and his strategy complements Willow Oak's existing partnerships with Alluvial Fund and Bridge Reid Fund," said Steven Kiel, Sitestar's CEO.
Bonhoeffer Fund launched on July 1 and is open to accredited investors. Additional information can be found at bonhoeffercapital.com.
Sitestar Corporation and its subsidiaries engage in several diverse business activities in the following industries: internet, real estate, asset management, and HVAC and plumbing. The company's philosophy centralizes capital allocation decisions at the corporate level and decentralizes operational decisions among subsidiary managers.
About Bonhoeffer Capital
Based in Rochester, New York, Bonhoeffer Capital is the general partner of the Bonhoeffer Fund. The firm is owned by Willow Oak Asset Management, a division of Sitestar Corporation. Bonhoeffer Fund is a private hedge fund for accredited investors that utilizes value-oriented investment principles.
This press release contains "forward-looking statements" covered by the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guaranties of future performance and actual results may differ materially from those forecasted. Copies of Sitestar's press releases and additional information about Sitestar are available at www.sitestar.com.
SOURCE Sitestar Corporation