Founded in 1993, Kestrel is a unique, value-oriented investment manager that focuses on companies where management is actively working on behalf of the shareholder.

More than twenty years of investment experience and research have convinced us that stocks selected from the voluntary restructuring universe are more likely to have superior appreciation.

We avoid stock market timing and macroeconomic forecasting, believing that our comparative advantage resides in discerning unrecognized microeconomic trends and identifying misperceived factors.