Robert “Bob” Rebitz
Strategic Turnaround Fund, LP
Former Managing Director of HOLT
Robert Rebitz has been involved in management consulting, securities analysis, equity valuation, and portfolio management for the past thirty years.
Rebitz has been a Portfolio Manager of Strategic Turnaround Fund (“STF”) since June 2014 and he launched STF in August 2014 to invest in latestage public microcap companies in the process of turnarounds. The Fund, based in San Francisco, has significantly outperformed the Market and microcap indices.
Prior to STF, Rebitz was a principal at BlueLine Partners, an activist investment firm based in Danville, California that focused on microcap companies in technology and healthcare. In ten years with BlueLine, Rebitz was involved in sourcing new investments, developing activist strategies, executing proxy contests that resulted in 23 of 28 investments being acquired, and superior fund returns.
Previously, Rebitz was a Director of Research at Meridian OHC LLC. In 2002, he established an independent consulting firm to advise various hedge funds on stock selection and portfolio management using the HOLT framework. Mr. Rebitz has been using and applying the HOLT framework since joining HOLT Value Associates as the fifth member of their team in 1988.
Since 2003, Rebitz has advised a number of other funds; hedge funds, private equity funds, and a variety of corporations, both public and private, on value creation and strategy. Most notably, he remains an advisor to Navis Capital in Kuala Lumpur, Malaysia which has over $5.0 billion under management in both private and public equity funds.
Rebitz’s background is in management consulting including stints with HOLT Value Associates (1988-1991) in San Francisco and Chicago; the Boston Consulting Group in SF, Chicago, Hong Kong, and Kuala Lumpur (1991-1998); Deloitte / HOLT Joint Venture in London (1998-2000) and Deloitte Consulting in Kuala Lumpur (2000-2002). His primary focus in management consulting was in the area of corporate strategy and business valuation, assisting clients on projects related to capital allocation, incentive compensation, value-based management, mergers and acquisitions, value driver analysis, etc. Prior to his consulting career, Rebitz was a sell-side analyst for Shearson Lehman Brothers following a variety of industries including consumer and special situations.
Rebitz has an MBA from UC-Berkeley (Finance) and a BA from Northwestern University.
About Strategic Turnaround Fund (“STF”)
Strategic Turnaround Fund invests in US based public turnarounds, specifically, late-stage microcaps (<$500 million). The fund is unique in that the three partners all have extensive operating/consulting backgrounds. They use an analytical tool for screening and valuation called HOLT where one of their managers was a founding member. Other members have run large private equity firms and turnaround management consulting firms.
They invest in microcaps because they believe it represents an overlooked area of the market – many of their holdings have limited or zero analyst coverage.