EXCLUSIVE: JAM Partners Sets Up New Community Bank Fintech Fund

Jacob Asset Management’s (JAM) flagship investment fund, JAM Partners, returned 2.9% net in the first quarter of 2020. The boutique New York-based asset manager maintains a range of funds, including several ETFs. It specializes in detailed, bottom-up research, with a focus on small caps. JAM Partners, LP follows a market-neutral financials-focused strategy. In the fund’s first-quarter letter to investors, a copy of which ValueWalk has been able to review, Sy Jacobs, Managing Partner, reported that throughout the quarter, the fund stayed within its +/- 20% beta-adjusted market-neutral target range, despite the surging S&P 500. The partnership averaged 9% long throughout…