Corvara Capital LLC is independently owned and based in the San Francisco area. Corvara manages a global, thematic, focused portfolio of 15-25 stocks offered through separately managed accounts (SMA).
Corvara takes a global approach to investing and focuses on opportunities with long term sustainable growth themes that can meaningfully outgrow GDP growth. We use our investment criteria to select securities to create differentiated portfolios that are uncorrelated and benchmark agnostic. Our investment criteria include: high or improving ROIC (return on invest capital), operating in markets with secular growth, high barriers to entry, sustainable competitive advantages, a quality balance sheet supported by consistent free cash flow, value creating capital allocation, proven management, and valuation that support-long term capital appreciation.
We offer our global thematic focused portfolio through an SMA at Interactive Brokers.
Prior to founding Corvara Capital LLC, David Geisler worked in venture capital for five years, spent three years on the sell side covering the Internet sector, and spent the last ten years working for a global equity manager and a domestic concentrated manager as a co-portfolio manager.
David started his career in venture capital working for Piper Jaffray Ventures investing in early stage healthcare companies. After a brief stint with one of the venture fund’s portfolio companies, David graduated from UC Berkeley’s Haas School of Business with an MBA and worked as an Equity Research Associate at Cowen & Company covering the Internet and New Media sector. David then joined Artisan Partners Global Equity team as an Associate and was promoted to Analyst and then co-Portfolio Manager, Global Small Cap. David joined Lateef Investment Management as a co-Portfolio Manager managing a concentrated domestic growth portfolio.
David graduated from University of California, San Diego with a BA in Economics, Highest Distinction, and an MBA from University of California, Berkeley with certificates in Management of Technology, and Entrepreneurship. David was born in Belgium and is fluent in French.
William Tsao-Wu is a Co-PM and Partner at Corvara Capital LLC. Prior to joining Corvara, William spent nearly 10 years conducting fundamental research for a global growth strategy at Artisan Partners as a Research Analyst, primarily focusing on companies within the Industrial and Consumer Discretionary sectors. Prior to joining Artisan Partners in 2008, Mr. Tsao-Wu was an audit associate at KPMG LLP.
William graduated from University of California, Berkeley Haas School of Business with a BS in Business Administration. William is fluent in Mandarin Chinese.
Robert is responsible for Institutional Sales and Client Service and is a Partner at Corvara Capital LLC. Robert Kaplan has 25 years of experience in the financial services industry holding positions as a portfolio manager, analyst, institutional sales, and financial advisor.
From 1993-1998 Robert served Brandes Investment Partners as co-portfolio manager for their wrap fee group and covered the global materials sector. As a senior analyst at Federated Global Investors, he was responsible for covering the consumer staples, materials, and financial sectors globally. From 1999-2012, Robert held institutional sales positions as a Director for UBS AG, as a Managing Director for the Bear Stearns Company, and as a Senior Vice President for boutique investment banks Kaupthing Securities Inc. and Alfa Bank. Most recently, Robert was a European equity research salesman for Liberum Capital Inc. Robert also served Wells Fargo Advisors as a Financial Advisor in their Private Client Group. Robert and several of his business associates also ran a residential real estate investment portfolio for accredited investors.
Robert graduated with BA in Organizational Communications from the University of Arizona.