Turning Snowflakes into Snobolls
We seek to invest with the best publicly traded CEOs and “programmatic” acquirers globally.
Company Overview
Snoboll Capital is a concentrated long/short equity hedge fund that was inspired by Warren Buffett and Charlie Munger.
Warren Buffett has said of investing in compounding businesses “it was like rolling a snowball down a hill: what starts as a small handful eventually grows bigger and bigger”.
Moreover, Sweden will be a focus market as it’s been the best performing global equity market over the last century, despite its neglect, and it has many high-quality programmatic acquirers. Also, we have a competitive advantage in this geography given our deep institutional experience in a market where there is limited competition from institutional investors.
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Philosophy
- Seek to create wealth for our Capital Partners that like a snowball will grow and compound over time.
- Strategy built upon previous successes at Barron’s top 100 hedge fund and >$225bn AUM investment manager, but now utilizing an increased specialization.
- The combination of consistent organic growth and value enhancing acquisitions leads to accelerated wealth creation. We seek situations where management has meaningful skin in the game, its managed in a highly decentralized manner and there is significant upside at attractive valuations.
- The investment community consistently underestimates the wealth that can be created by partnering with astute CEOs that have aligned incentives who are able to both grow organically while accelerating this growth using highly synergistic acquisitions.
- Prevailing market conditions have created an attractive opportunity for investing in small/mid-sized companies, international equities & companies pursuing programmatic acquisition strategies.
- The strategy is guided by the use of our proprietary Mental Models which have been developed over >20,000 hours (>12 years) of practical experience. These help us to identify attractive long and short investments where we can gain variant perceptions in a repeatable manner.
- The goal given our deep expertise in programmatic acquirers is to identify them before the rest of the market participants as these opportunities provide the most attractive upside/downside opportunities.
7 Key Pillars
About the founder
Noah is the Founder & Managing Member of Snoboll Capital.
Noah has spent his entire career building investment groups across different strategies including family offices, hedge funds, and mutual funds, while seeking to develop a repeatable means of generating market leading performance.
His previous experience includes 7+ years as a founding Research Partner and Managing Director at Incline Global, a Barron’s Top 100 hedge fund globally, where he was selected by Institutional Investor as one of the 30 Hedge Fund Rising Stars in 2018.
Noah started his career as an investment analyst at Arlon Group, the Continental Grain Company’s family office just as they were opening to outside capital. Next, he attended Columbia Business School for his MBA, where he was a member of the “Value Investing Program” and he was elected President of the Investment Ideas Club.
Upon graduation, Noah helped to launch Incline Global Management, a long/short equity hedge fund firm that was backed by some of the world’s most highly regarded allocators. Serving as its sole Managing Director, Noah helped to develop and guide the team’s proprietary Mental Models-based investment strategy and he focused much of his efforts on investing in great CEOs and programmatic acquirers globally, where he saw most of his successes.
Most recently, Noah was a Senior Analyst at American Century Investments, an investment manager with >$225 billion in AUM, where he was on the International Small Cap team and led the team’s investments in the Nordics, Western Europe and Australia and continued to focus on programmatic acquirers in these regions.
Noah holds a B.A.S. in Finance with Honors from the University of Illinois at Urbana-Champaign College of Business and an MBA from Columbia Business School, where Noah actively contributes as Guest Lecturer and an Assisting Instructor in the “Value Investing Program”. Noah is married with three children and lives in the suburbs of New York city.
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