Overview
KB & Partners Management Co. LLC (“we” or the “Firm”) is a Registered Investment Adviser founded and
registered with the SEC in 2000. The Firm provides investment advisory services and certain administrative
services to Kahn Brothers & Partners 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 $70,500,000 of assets on a
discretionary basis and $0 on a non-discretionary basis. We are privately held and principally owned by,
KB Holding Company LLC and Thomas G. Kahn Family Trust.
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 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 “Governing 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 Governing Documents.
The Adviser does not sponsor any wrap fee programs or manage accounts subject to wrap fee programs.