Intrinsic Edge Micro LP's principal investment objective is to achieve capital appreciation through investments in securities, financial instruments traded in organized domestic and international securities markets (including over-the-counter markets) and other assets primarily of companies with a market capitalization of less than $300 million.
The investment approach is driven by bottom-up analysis with an emphasis on uncovering special situations and undiscovered investments ideas. Money is managed on the premise that internally generated proprietary research and a focus on smaller capitalization companies not generally followed by Wall Street will produce superior returns over time. The investment team's process focuses on assessing value in relation to current or potential earnings power, future or current free cash flow, and evaluating management philosophy, capability, and commitment. The Strategy does not have a style bias and may invest in growth or value securities. We follow a bottom-up approach in security selection, focusing on individual stock selection rather than attempting to time the highs and lows of the market or concentrating investments in certain sectors or industries. At times, the Fund may invest in special situations such as companies that possess valuable patents, companies undergoing restructuring, and companies involved in large share repurchase programs. The Fund may take both long and short positions primarily in equity securities. This type of hedging strategy may allow the Fund to profit regardless of overall market conditions. No assurances can be given that the Fund's investment objective will be achieved.