Serve as a Generalist researching spin-offs and value opportunities in the US, Canada and Europe. Focus on mitigating risk by selecting investments with robust business models and incentivized management. Firm has a long-term time horizon with low turnover and high Active Share.- Fundamental research based on primary sources of information such as SEC filings and a qualitative understanding of the underlying business.- Investment decisions focus on a company’s ability to generate double-digit returns over 5-10 years via an analysis of free cash flows, net asset values, comparable private market transactions and a proven track record of returning capital to shareholders.- Communicate research ideas and updates to the investment team, marketing department and clients.Key Achievements:- Created the Horizon Kinetics US Spin-Off Index, which has a 5-year track record of 12.6% per year.

Provided fundamental research and client/marketing support for several of the firm’s research products.- Published and marketed independent research covering all domestic spin-off transactions, with coverage of both the parent company and spun-off entity. Assessed the strategic rationale for the transaction and its potential to unlock value. Valuation relied heavily on sum-of-the-parts analyses.- Published and marketed independent research on Global (ex. US) value opportunities.Key Achievements:- Promoted to Director of Research with supervision over the junior analysts that supported these products.- Subscriptions to the Global value product increased by over 50% under my authorship.- Generalist covering international value opportunities.

Internally promoted to Senior Analyst to cover the US Securities Exchanges sector after having served as the Associate in support of Senior Analyst’s Telecom Tower/SMid Cap Generalist franchise. - Authored initiation reports on the US Securities Exchanges, met with management and created financial models and earnings estimates for companies under coverage.- As a Generalist, initiated coverage on companies across a broad range of sectors, including Specialty Finance, Insurance, Leisure, Media and Telecom. Maintained earnings models, authored research reports and communicated ideas to sales and clients. Key Achievements:- Numerous promotions, including final promotion to Senior Analyst/Associate Director.

Provided fundamental research for companies in the US Retail sector, with a primary focus on Discount Stores and Specialty Retail.Key Achievements:- Internally promoted to Senior Analyst covering Specialty Retail. Authored initiated reports, created financial models and provided earnings forecasts for companies under coverage.- Noted by a third-party data provider as having the most accurate earnings forecasts for companies under coverage.

Provided research coverage on retail companies based in Mexico, Brazil, Chile and Argentina. Wrote initiation reports, created and maintained financial models and communicated research opinions to sales and clients.Key Achievements:- Consistently ranked as one of the top teams covering Latin America Retail by Institutional Investor.