Kahn Brothers Asset Management Corp

Kahn Brothers Asset Management Corp. is a Registered Investment Adviser founded in 1988, managing approximately $25.2 million in assets as of December 31, 2022. The firm specializes in providing investment advisory services primarily in publicly-traded equities, following a modified Graham and Dodd value investing style. Their investment strategy aims for long-term total returns exceeding benchmarks with protections against capital loss. The firm's investment philosophy focuses on long-term performance, with a typical investment horizon of three to five years or longer. For clients of Kahn Brothers Value Fund LP, the firm acts as the investment adviser and general partner, managing assets on a discretionary basis. Fees are based on a management fee of 1/16th of 1% of the total portfolio assets quarterly and may include an incentive allocation based on performance. The firm's brokerage practices involve using their affiliated broker-dealer, Kahn Brothers LLC, which charges commissions higher than some third-party unaffiliated broker-dealers. The firm has policies in place to address conflicts of interest that may arise from this affiliation. Kahn Brothers Asset Management Corp. exercises investment discretion for the Partnership, determining securities transactions, broker-dealers, and commission rates. The firm also has the authority to vote proxy ballots on behalf of the Partnership, following internal proxy voting policies. The firm has no financial conditions impairing its ability to meet contractual commitments and has not been subject to bankruptcy petitions.