General Investing >> Money Manager Interviews >> September 24, 2012

Global Approach to Finding Catalysts and Undervalued Names

David Marcus is Co-Founder, Chief Executive Officer and Chief Investment Officer of Evermore Global Advisors, LLC, as well as Portfolio Manager of the Evermore Global Value Fund. He has more than 20 years of experience in the investment management business. He began his career at Mutual Series Fund, mentored by value investor Michael Price, and rose to manage the Mutual European Fund and comanage the Mutual Shares and Mutual Discovery Funds. He also served as Director of European Investments for Franklin Mutual Advisors, LLC. After leaving Franklin Mutual, Mr. Marcus founded Marcstone Capital Management, LP, a long/short, Europe-focused equity manager largely funded by Swedish financier Jan Stenbeck. When Mr. Stenbeck died in 2002, Mr. Marcus closed Marcstone, and then cofounded a family office for the Stenbeck family. He advised on the restructuring of several public and private companies the family controlled. He later founded and served as Managing Partner of MarCap Investors, L.P., the investment manager of a European small-cap special situations fund, which he managed from 2004 to 2009. In addition, Mr. Marcus has gained operating experience through active involvement in various boards on which he has served, including Novestra AB, a Swedish publicly traded private equity firm with holdings in the U.S. and Europe; Pergo AB, a Swedish publicly traded flooring company; Scribona AB, a Swedish publicly traded distributor of office products; Miltope, a U.S. publicly traded, and subsequently, acquired maker of ruggedized electronics for the U.S. military; and Modern Times Group AB, a Swedish publicly traded pan-European media conglomerate. Profile
TWST: Please introduce our readers to Evermore Global with a brief history and an overview of the firm today.

Mr. Marcus: Our firm started in January of 2010, so we are relatively new,