Shah Capital Management

Shah Capital Management, Inc. is an SEC-registered investment adviser based in Raleigh, North Carolina, established in January 2005. The firm specializes in global investment management with a contrarian philosophy focusing on turnarounds and special situations. They offer investment management services through a private limited partnership and a Separately Managed Wrap Fee Program. The Wrap Fee Program is currently closed to new clients, while the private limited partnership is closed to new investors. The firm primarily allocates clients' assets among exchange-listed securities on a discretionary basis, with a long-only price-conscious portfolio management strategy. The firm recommends the use of Charles Schwab & Co., Inc. for brokerage and clearing services. For the Separately Managed Wrap Fee Program, the annual fee is 1.40%, charged quarterly in advance. The firm also manages the Shah Capital Opportunity Fund LP, a Delaware limited partnership focusing on global equity securities. The Fund employs trading strategies not used in the Program accounts, including short selling, leverage, and options trading. The Fund has a high-water mark policy and a minimum initial investment of $1 million for individuals and $5 million for institutional investors. Shah Capital does not have any reportable disciplinary events and does not engage in principal transactions or cross trades. The firm has custody of client funds due to fee deductions and standing letters of authorization. Shah Capital has adopted a Code of Ethics, Proxy Voting Policies and Procedures, and controls to address conflicts of interest. The firm reviews client accounts regularly and provides reports to clients. Shah Capital does not have soft dollar arrangements and does not receive compensation for client referrals. The firm discloses potential conflicts of interest related to its investments in portfolio companies. Shah Capital has no adverse financial circumstances to report and has not been subject to bankruptcy in the past ten years.