a different approach
to traditional Investing

Crawford Lake Capital Management, LLC manages a trading-oriented long/short equity strategy with the primary objective of investing in equities and options in order to generate strong, risk-adjusted returns over time. The strategy utilizes a hybrid approach to investing, combining both fundamental and technical analysis. The combination of these approaches is intended to produce superior risk adjusted returns, maintain a low volatility profile, and position the strategy to perform well regardless of market conditions.
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philosophy

investment philosophy

Crawford Lake's investment philosophy is based upon three separate but interconnected concepts.
1
Hybrid Approach. We utilize a hybrid investment approach, combining both fundamental and technical analysis in a manner intended to produce superior risk-adjusted returns, maintain a low volatility profile, and position the strategy to perform well regardless of market conditions.


2
Disciplined Trade Execution. We combine disciplined trade execution with active, nimble portfolio management in a method expected to limit losses.
3
Risk Management. We employ a unique risk management approach to mitigate potential losses and lower overall volatility, that includes maintaining a large cash position, avoiding earnings risks, and applying position and industry exposure limits.

Under our hybrid approach, we focus on identifying and investing in securities where corporate fundamentals and technical indicators and are aligned such that price action, either positive or negative, is sustainable.

Our strategy is unique due to its large cash position, avoidance of earnings risk, active trading strategy, and strong focus on technicals.
risk management
active management
hybrid strategy

our team

Isaac Markowitz
Partner & Co-Portfolio Manager
Mr. Markowitz began managing Crawford Lake in 2006 and is currently co-portfolio manager. Prior to managing Crawford Lake, from 2004 to 2005, Mr. Markowitz was an assistant trader at Bancroft Partners. From 1999 until 2004, Mr. Markowitz was a fundamental equity investor managing assets of friends and family using a "buy-and-hold" approach. From 1998 to 2002, Mr. Markowitz studied at Beth Medrash Govoha ("BMG") in Lakewood, New Jersey, where he received a Bachelor of Talmudic Studies degree. BMG is the largest Talmudic law institution in the United States.
Jacob Herzka
Partner & Co-Portfolio Manager
Mr. Herzka joined Crawford Lake as a partner and co-portfolio manager in 2008. Prior to Crawford Lake, from 2003 to 2008, Mr. Herzka focused on trading for his personal account. From 1997 to 2003, Mr. Herzka was an equity trader for Generic Trading/Carlin Equities using an aggressive short term trading strategy based primarily on technical analysis. Mr. Herzka began his career in 1994 as a private money manager and stock trader. Mr. Herzka studied undergraduate finance and business at Touro College in New York and received a Bachelor of Science degree.
Jeff Schachter
President & Chief Operating Officer
Mr. Schachter joined Crawford Lake as President and Chief Operating Officer in 2015. Prior to joining Crawford Lake, from 2011 to 2015, Mr. Schachter was the co-founder and Managing Partner of Avet Capital Management, a long/short biotech equity hedge fund partially seeded by Julian Robertson of Tiger Management. From 2010 to 2011, Mr. Schachter was a Managing Director at Helios Advisors LLC, a $580 million New York based multi-strategy hedge fund. From 2009 to 2010, Mr. Schachter was Head of Marketing for Greystone, Inc., a real estate company with approximately $10 billion in assets. From 2004 to 2009, Mr. Schachter co-founded and built Cedarview Capital Management into a $680 million alternative asset manager focusing in the high yield bond and leverage loan markets. Mr. Schachter began his Wall Street career in 1995 at Jefferies & Company in high yield sales and trading and spent 9 years on the sell-side at various investment banks. Mr. Schachter received a Juris Doctor degree from Boalt Hall School of Law at the University of California at Berkeley in 1990, and a B.A. degree in Economics from the University of California at Berkeley in 1986, where he graduated with Phi Beta Kappa honors.
Joseph Schoenfeld
Chief Financial Officer
Mr. Schoenfeld joined Crawford Lake as Chief Financial Officer in 2016. Prior to joining Crawford Lake, from 2011 to 2016, Mr. Schoenfeld worked at EisnerAmper LLP as an auditor in the financial services group. In that position, Mr. Schoenfeld worked primarily on audits of hedge fund firms ranging from $25M to $500M in AUM. Mr. Schoenfeld is a licensed CPA in New Jersey since 2013 (inactive since December 2017) and is a member of the AICPA. Mr. Schoenfeld graduated Magna Cum Laude with a B.S. degree in Accounting from Touro College in New York in 2005.
Dov Lando
General Counsel & Chief Compliance Officer
Mr. Lando joined Crawford Lake as General Counsel and Chief Compliance Officer in 2018. Prior to joining Crawford Lake, from 2012 to 2018, Mr. Lando served as General Counsel and head of the legal & compliance team at MKP Capital Management LLC, where he was responsible for all legal, regulatory, and compliance matters relating to MKP's operations. From 2003 to 2012, Mr. Lando served in a similar capacity as General Counsel at Arden Asset Management LLC. From 2000 to 2003, Mr. Lando worked as Assistant General Counsel at American International Group (AIG). From 1995 to 2000, Mr. Lando served as an Associate at Schulte Roth & Zabel LLP, where he focused on hedge fund and investment management issues. Mr. Lando is a member of the bars of the states of New York and New Jersey. Mr. Lando received a J.D. from Fordham University School of Law in 1995, and a B.A. in Economics from Yeshiva University in 1991.

Service Providers

Crawford Lake is committed to providing investors with an institutional-quality infrastructure and fund platform. As such, the firm has partnered with best in class and internationally recognized service providers.

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Headquarters directions
15 America Avenue
Suite 210
Lakewood, NJ 08701
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© 2019 Crawford Lake Capital Management, LLC