Strategic Direction & Opportunities
BKF is returning to the Company’s roots in asset management, forming two subsidiaries. One will register as an investment advisor and one will act as general partner of a limited partnership investment fund. In the near-term, BKF expects to seed the limited partnership fund, focusing on a value approach to investing. Over the long term, BKF intends to grow its asset management business by acquiring or seeding other alternative investment funds with unique investment strategies and/or emerging portfolio managers. BKF’s goal is to grow revenues and income over time and achieve valuation multiples in line with other publicly-traded comparable companies.
BKF plans to:
Rebuild its' asset management operations
Earn fee income from assets under management
Generate performance fees from liquidating investments
Use net operating loss carry-forwards to minimize tax liabilities