Palliser Capital

Overview

Palliser Capital is a London-based global multi-strategy hedge fund founded in 2021 by James Smith. The firm applies a value-oriented investment philosophy across a broad range of opportunities, focusing on situations where complexity or distress lead to undervaluation that can be monetized through an effort-intensive process or proprietary catalyst. Palliser Capital is authorized and regulated by the UK's Financial Conduct Authority under FRN 945554. The registered company number is 13135419, and the registered office is Palliser House, Palliser Road, London, England, W14 9EQ. In March 2024, Palliser appointed former Elliott Management Equity Partner and Senior Portfolio Manager, Steve Kasoff, as Chairman of Palliser Capital US. Steve joined Palliser on 1 March 2024 and plays a central role in the strategic evaluation of Palliser’s global portfolio alongside Chief Investment Officer, James Smith. He focuses on identifying superior risk/return investments within the US market, leveraging his extensive experience across multiple asset classes. Palliser Capital has engaged in several notable activities, including sending a public letter to Capricorn Energy PLC's board in January 2023, outlining major governance concerns. In December 2022, Palliser received additional letters of intent from Capricorn shareholders supporting its proposed resolutions to remove seven current directors and appoint six independent, highly qualified replacement candidates. The firm has also been involved in advocating for the unification of Rio Tinto's dual listing structure, highlighting approximately $50 billion in shareholder value destruction due to the current structure. Palliser Capital's investment philosophy emphasizes value enhancement through thoughtful, constructive, and long-term engagement with companies and various stakeholder groups.