Carlo Cannell

Cannell Capital was founded by Carlo Cannell in 1992 with an initial out-of-pocket investment of just $600,000. The San Francisco, CA based fund is an employee-owned long/short market neutral equity hedge fund. The firm primarily invests in stocks of domestic small-cap companies by using a value-oriented, bottom-up, market neutral approach to make its investments. In 2004, when funds under management had grown to $765 million, the fund returned 15% of the capital to its investors. Mr. Cannell’s logic was simple yet incisive, citing that the mortality rate of hedge funds with an AUM of $1 billion or more was high and that he would rather “practice prudence over greed.”

Recently, Carlo has become an activist investor by taking on Jim Cramer and The by demanding a pay cut for Mr. Cramer or a sale of the company.