This article is authored by MOI Global instructor Matthew Sweeney, founder and managing partner of Laughing Water Capital, based in New York.
Aimia is technically not a new holding as we first purchased shares some time ago, but it has not been previously introduced due to its formerly small size, and the thought that I might seek to purchase more shares. As it is now a mid-sized position, it merits discussion. Aimia is a collection of assets in the loyalty space, which I became familiar with last year when researching Points.com (PCOM), which was introduced in our H1’17 investor letter.
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About The Author: Matthew Sweeney
Matthew Sweeney is the Founder and Managing Partner of Laughing Water Capital. The firm employs a concentrated equity strategy while focusing on companies that are dealing with some sort of structural or operational difficulty that is judged to be easily solved by an incentivized management team if given enough time. Matt began his career at Cantor Fitzgerald where he focused on equity idea generation for institutional clients. He received a Bachelor of Arts degree in History from the College of the Holy Cross, and a Masters degree in International Relations focused on the Middle East and Terrorism from Seton Hall University. Matt is a Chartered Financial Analyst (CFA), and former Vice Chair of the New York Society of Security Analysts (NYSSA) Value Investing Committee.
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