Chesapeake Partners Management

Established in 1991, Chesapeake Partners Management Co., Inc. operates as an investment management firm with a focus on event-specific investing combined with a value overlay. The firm is owned by Traci and Mark Lerner. Its core strategy involves investing in companies undergoing significant corporate events such as mergers, acquisitions, reorganizations, or other forms of corporate restructuring. The objective is to capitalize on the perceived difference between a security's current market price and its anticipated value upon the successful completion of the event.

The firm manages several funds, including vehicles designed for both U.S. taxable investors and non-U.S. or tax-exempt U.S. investors. This structure allows it to cater to a diverse client base with different tax considerations. As of late 2015, the funds managed by Chesapeake Partners had approximately $1.36 billion in net assets under management on a discretionary basis. Regulatory filings from a similar period indicate a total regulated assets under management (AUM) of around $1.56 billion.

Chesapeake Partners' investment portfolio is diversified across various holdings. Public filings have shown top holdings in instruments like the iShares Russell 2000 ETF, as well as equities in major corporations such as Starwood Hotels & Resorts Worldwide, Yum! Brands, Inc., and MGM Resorts International. The firm actively adjusts its portfolio based on market conditions and emerging opportunities, which has included new positions in companies like Newell Brands Inc. and LinkedIn Corp.

Keywords: investment management, event-driven investing, value investing, corporate restructuring, hedge funds, asset management, mergers and acquisitions, portfolio management, financial services, institutional investors