Based in Palm Beach, Florida, Smith Cove Capital operates as financial executive David Russekoff’s family office and takes an opportunistic approach to creating value for investors. Established in 2016, Smith Cove Capital began has pursued the opportunistic strategies of seeking out dislocated equity and debt, with a focus on distressed securities.
Value-oriented positions taken on by Mr. Russekoff and his colleagues allow for the facilitation of well-articulated strategies that manage risk and preserve wealth. With an approach designed for consistent performance amid market turbulence, the firm actively identifies alpha-generating investments during times of asset class, industry, and one-off dislocation.
The Smith Cove team also focuses on identifying opportunities within industries that are experiencing dramatic change, and on companies with complex or broken capital structures. The firm actively seeks out situations that involve liquidations and structured credit, including forced selling by regulated institutions. Exercising exhaustive due diligence of their holdings, the firm's valuation frameworks accurately reflect potential returns on investment.