a different approach
to traditional Investing

Crawford Lake Capital Management, LLC is a trading-oriented long/short equity hedge fund manager that strives to generate strong risk-adjusted returns.
The firm is registered with the SEC as an investment adviser and is headquartered in Lakewood, New Jersey.
Crawford Lake currently has over $800 million in assets under management.
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philosophy

investment philosophy

Crawford Lake's investment philosophy is based upon three separate but interconnected concepts.
1
A two-pronged approach is used in stock selection by combining both fundamental and technical analysis.
2
A unique risk management approach is employed to mitigate potential losses and lower overall volatility.
3
Lastly, active management is a key component used in navigating the market's difficult environments.
The managers believe in a core principal that is the basis of its hybrid strategy. That principal is that the best risk-adjusted returns are made when the fundamental and technical health of a stock are aligned in the same direction. The managers therefore attempt to be early in identifying technical triggers that are confirming fundamental catalysts, and enabling them to buy stocks with lower risk and yet a high potential reward.

The unique risk management approach includes the use of option hedges, stop losses that are based upon technical analysis, a large cash position, and not taking earnings risks. These risk mitigators create a low volatility return profile while still allowing for double digit annual returns.

The active management style helps the managers adjust the fund's exposure quickly, extract alpha during periods of flat market performance, and stay engaged and aware of any potential market turns.
risk management
active management
hybrid strategy

our team

Isaac Markowitz
Partner & Co-Portfolio Manager
Mr. Markowitz founded Crawford Lake Capital in 2006. Prior to Crawford Lake, from 2004 to 2005, he was an assistant trader at Bancroft Partners managing a $50 million managed account from a NYC based global macro hedge fund. From 1999 until 2004, Mr. Markowitz was a fundamental equity investor managing assets of friends and family using a “buy-and-hold” approach. Over the years, Mr. Markowitz developed techniques for using option overlays as well as technical analysis to enhance the risk-adjusted returns of fundamentally driven portfolios. From 1998 to 2002, Mr. Markowitz studied at Beth Medrash Govoha (BMG) in Lakewood, New Jersey, where he received a Bachelor’s in Talmudic Studies. BMG is the largest Talmudic law institution in the United States.
Jack Herzka
Partner & Co-Portfolio Manager
Mr. Herzka began his career in 1994 as a private money manager and stock trader. In 1997 he joined Generic Trading/Carlin Equities where he worked as an equity trader for more than six years using an aggressive short-term trading strategy based primarily on technical analysis. From 2003 to 2008, Mr. Herzka continued to trade for his personal account. He joined Mr. Markowitz in 2008 to serve as co-portfolio manager. Mr. Herzka studied undergraduate finance and business at Touro College in New York and was granted a Bachelor of Science degree.
Jeff Schachter
President & Chief Operating Officer
Mr. Schachter began his career in 1995 at Jefferies & Company in high yield sales and trading, and spent 9 years on the sell-side at various investment banks. 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. From 2009 to 2010, Mr. Schachter was Head of Marketing for Greystone, Inc., a real estate company with approximately $10 billion in assets. From 2010 to 2011, Mr. Schachter was Head of Business Development at Helios Advisors LLC, a $580 million New York based multi-strategy hedge fund. 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. Mr. Schachter received a Juris Doctor degree from Boalt Hall School of Law at the University of California at Berkeley and a B.A. degree in Economics from the University of California at Berkeley where he graduated with Phi Beta Kappa honors.
Joseph Schoenfeld
Chief Financial Officer
Mr. Schoenfeld joined Crawford Lake in July, 2016 as Chief Financial Officer. Prior to Crawford Lake, from 2011 to 2016, Mr. Schoenfeld worked at EisnerAmper LLP as an auditor in the financial services group. In that positon, 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 in August, 2018 as General Counsel and Chief Compliance Officer. Prior to 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. Before that, from 2003 to 2012, Mr. Lando served in a similar capacity as General Counsel at Arden Asset Management LLC. Prior to Arden, 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 received a J.D. from Fordham University School of Law in 1995, and a B.A. in Economics from Yeshiva University in 1991. He is a member of the bars of the states of New York and New Jersey.

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.
Administrator
SS&C Technologies
80 Lamberton Road
Windsor, CT 06095
Contact: Darren Berkowicz
Phone: (212) 455-6309
Website: www.ssctech.com
ssc
Auditor
RSM US LLP
4 Times Square
151 West 42nd Street, 19th Floor
New York, NY, 10036
Contact: Elliot Isaac
Phone: (212) 372-1362
Website: www.rsmus.com
rsm
Prime Brokers
Wells Fargo Prime Services
640 Fifth Avenue, 7th Floor
New York, NY 10019
Contact: Thomas Masterson
Phone: (214) 459-3232
Website: www.wellsfargo.com
wells fargo
Bank of America Merrill Lynch
One Bryant Park
New York, NY 10036
Contact: Camilla Churcher
Phone: (646) 855-4893
Website: www.bofaml.com
Bank of America Merrill Lynch
Bank
Northern Trust
Harborside Financial Center
3 Second Street, Suite 1401
Jersey City, NJ 07311
Contact: James Peterson
Phone: (201) 793-4902
Website: www.northerntrust.com
northern trust
Onshore Legal Adviser​
KKWC (Kleinberg, Kaplan, Wolff, & Cohen)
551 Fifth Avenue
New York, NY 10176
Contact: Uri Rosenwasser
Phone: (212) 880-9811
Website: www.kkwc.com
kkwc
Offshore Legal Adviser​
Maples and Calder
PO Box 309, Ugland House
George Town, Grand Cayman
KY1-1104
Cayman Islands
Contact: Michael Richardson
Phone: (345) 814-5532
Website: www.maplesandcalder.com ​
maples
Compliance Consultant
Titan Regulation
401 S. LaSalle Street, Suite 702
Chicago, IL 60605
Contact: Julie Dixon
Phone: (312) 961-9636
Website: www.titanregulation.com
titan
Managed IT/Cybersecurity Consultant
ACE IT Services
515 Madison Avenue, 6th Floor
New York, NY 10022
Contact: Warren Finkel
Phone: (646) 558-6358
Website: www.aceits.net
ace
Cash Custodian
BNY Mellon Markets
Contact: Jason Steinberg
Phone: (212) 815-4504
Website: www.bnymellon.com
bny

contact us

Headquarters directions
15 America Avenue
Suite 210
Lakewood, NJ 08701
contact us
© 2018 Crawford Lake Capital Management