Overview
Kahn Brothers Asset Management Corp. (“We” or the “Firm”) is a Registered Investment Adviser
founded and registered with the SEC in 1988. The Firm provides investment advisory services
and certain administrative services to Kahn Brothers Value Fund LP (the “Partnership” or “Client”),
a Limited Partnership formed for the purpose of investment. In addition to acting as the investment
adviser, we serve as the general partner to the Partnership. As of December 31, 2023, we
managed approximately $18,100,000 of assets on a discretionary basis and $0 on a non-
discretionary basis. We are privately held and principally owned by Thomas Graham Kahn.
We invest primarily in publicly-traded equities, although we may transact other types of securities.
We employ a modified Graham and Dodd value investing style that we have developed over time
since the inception of our affiliate, Kahn Brothers Advisors, in 1978. Our strategy traces its roots
to our founding chairman, Irving Kahn, who was a teaching assistant at Columbia Business
School to Benjamin Graham, an early proponent of value investing and fundamental
analysis.
Our principals have been using investment strategies modified from this fundamental value
approach throughout their professional careers.
Our investment strategy seeks long-term total returns exceeding our benchmark with reasonable
protections against permanent loss of capital. Our managers focus on long-term performance
over many years and across market cycles. The time horizon of a typical investment is three to
five years or longer.
In providing services to the Partnership, we (i) manage the Partnership’s assets in accordance
with the terms of the Partnership’s Private Placement Memorandum and individual Limited
Partnership agreements (the “Offering Documents”); (ii) formulate investment objectives; (iii)
direct and manage the investment and reinvestment of the Partnership’s assets; and (iv) provide
periodic reports to Limited Partners. Investment restrictions for the Partnership, if any, are
generally established in the Offering Documents.
The Adviser neither sponsors wrap fee programs nor manages accounts subject to wrap fee
programs.