Voce Capital Management Investment Adviser

ABOUT US

Voce Capital Management LLC (“Voce”) is a value-oriented investment adviser. Founded in 2011 by J. Daniel Plants, Voce bases its investment decisions upon extensive fundamental research, manages a concentrated portfolio and invests with a multi-year time horizon. Voce selectively uses public activism to enhance its returns and has repeatedly generated significant outcomes using this approach. Voce is based in San Francisco and is 100% employee-owned.

“There is a tide in the affairs of men, which, taken at the flood, leads on to fortune; omitted, all the voyage of their life is bound in shallows and in miseries.  On such a full sea are we now afloat, and we must take the current when it serves or lose our ventures.”

– Julius Caesar

 

“Oft expectation fails, and most oft there where most it promises; and oft it hits where hope is coldest, and despair most fits.”

All’s Well That Ends Well

 

“Things done well, and with a care, exempt themselves from fear.”

Henry VIII

“O!  It is excellent to have a giant’s strength, but it is tyrannous to use it like a giant.”

Measure for Measure

“How poor are they that have not patience!  What wound did ever heal but by degrees?”

Othello

“I can no other answer make but thanks, and thanks, and ever thanks.”

Twelfth Night

Past performance is not indicative of future results or, stated another way, “present mirth hath present laughter.  What’s to come is still unsure.”

Twelfth Night

About Voce's Quotes

Each quarter, for inspiration we turn to our favorite writers and warriors; scientists and statesmen; musicians, magicians and politicians; investors and business leaders; thinkers and tinkerers; artistes, aesthetes and auteurs.  The current curation of quotes (from our 2015 Annual Letter) pay homage to Shakespeare, as 2016 marks the quartercentenary of his passing (April 23, 1616).

STRATEGY

Voce invests in companies whose valuation it believes is, based on proprietary fundamental research, impacted by capital misallocation, managerial deficiencies, improper or misaligned incentives, operational underperformance, governance dysfunction and/or strategic issues of scale or scope.  Voce will invest in companies where it believes the catalyst to address such issues is identified and actionable.  Voce may attempt to engage in substantive dialogue with the management, Board of Directors and other shareholders of such companies to effect changes it believes will address the company’s issues and narrow the valuation discrepancy.  The Voce strategy is concentrated and may hold its investments for extended periods.  It seeks to achieve long-term capital appreciation by generating superior risk-adjusted returns.

“The fool doth think he is wise, but the wise man knows himself to be a fool.”

– As You Like It

“If you can look into the seeds of time and say which grain will grow and which will not, speak then to me.”

– Macbeth

“No profit grows where is no pleasure ta’en.  In brief, sir, study what you most affect.”

The Taming of the Shrew

“Love looks not with the eyes, but with the mind.”

A Midsummer Night’s Dream

“We are such stuff as dreams are made on, and our little life is rounded with a sleep.”

The Tempest

About Voce's Quotes

Each quarter, for inspiration we turn to our favorite writers and warriors; scientists and statesmen; musicians, magicians and politicians; investors and business leaders; thinkers and tinkerers; artistes, aesthetes and auteurs.  The current curation of quotes (from our 2015 Annual Letter) pay homage to Shakespeare, as 2016 marks the quartercentenary of his passing (April 23, 1616).

EXECUTIVE TEAM

J. Daniel Plants

Founder & Chief Investment Officer

Mark Shamia

Chief Operating Officer

Nicholas D. Heldfond

Head of Business Development & Investor Relations


CONTACT US

Voce Capital Management LLC

The Pyramid | 600 Montgomery Street
San Francisco, CA 94111

T: (415) 489-2602
F: (415) 489-2610