Daren Heitman

Azarias Capital Management

Founded in 2014, Azarias Capital's mission is to develop and maintain a reputation as an ethical, world-class boutique investment manager. The foundation of Azarias'​ investment philosophy is based on the following core beliefs: 1. SMICROCAP™ companies undergoing a turnaround offer asymmetric risk/reward opportunities when they meet four specific criteria. 2. Concentrated portfolios optimize the benefits of active management. 3. Long-term maximum alpha generation within the SMICROCAP™ universe requires a repeatable investment process and limited AUM. Given those tenets, Azarias is structured to achieve a singular objective: To generate top percentile returns over trailing 5 year and since-inception measurement periods. Azarias Capital's three-person investment team focuses on identifying companies and industries on the cusp of a turnaround with each member drawing on 20+ years of investment management experience. The team abides by a transparent research process, termed "The 4 C's"​, designed to capitalize on volatile, but predictable, earnings patterns. The team manages two strategies guided by this philosophy and process: • Focused Small Cap Value • A limited life strategy focused on the Uranium opportunity In alignment with the firm's objective, Azarias has pledged a hard close at $500M (or less). Please visit the website for more details: www.azariascapital.com *Please note we do not accept recommendations or endorsements.