Nitorum

About Nitorum

Nitorum Capital, L.P. operates as a New York-based hedge fund manager, established in the third quarter of 2014. The firm was founded by Seth Rosen, who currently serves as the Managing Partner. Rosen's journey in the financial sector began after graduating from Boston University and earning an MBA from Columbia Business School. His career includes roles as an Associate at RBS Equity Corp. and Credit Suisse First Boston LLC, followed by positions at Fusion Capital Management and a significant 15-year tenure at Eminence Capital, where he rose to Senior Portfolio Manager before founding Nitorum.

The firm provides discretionary investment advisory services primarily to private investment funds, structured as a Master-Feeder model. Nitorum's client base includes financial institutions, corporations, high-net-worth individuals, trusts, and pension plans. The core of its business is managing several funds, including the Nitorum Fund, Nitorum Offshore Fund, and Nitorum Master Fund, with the stated objective of generating superior absolute and risk-adjusted returns while minimizing capital loss. Revenue is generated through management and performance fees tied to the assets under management. As of March 2024, the firm's discretionary assets under management totaled approximately $1.75 billion.

Nitorum Capital employs a long/short equity strategy, underpinned by a rigorous, bottom-up fundamental research process. This involves deep financial analysis to evaluate the risk/reward profile of potential investments in publicly traded equity securities across various sectors, both in the US and internationally. The firm's investment decisions are driven by a classic, research-intensive approach to identify opportunities for both long and short positions. Regulatory filings from early 2024 show a portfolio concentrated in its top holdings, with significant positions in companies like Churchill Downs Inc.