About UsPassed Pawn Capital is a multi-strategy hedge fund located in New York. We specialize in US and international equities, exchange-traded funds, closed-end funds, and listed options.
Our focus is on algorithmic trading, as well as long/short, macro, and special situations.
For more information, please contact us.
What’s In a Name?
According to Wikipedia, a passed pawn in chess is a pawn with no opposing pawns to prevent it from advancing to the eighth rank. Passed pawns can be an advantage because only the opponent’s pieces can prevent them from promoting.
A pawn is usually the weakest piece on the board; however, when it becomes a passed pawn, it gets a clear path to get promoted to a Queen and often becomes a game-changer. It provides its owner with an uncommon upside.
At Passed Pawn Capital, our strategies are designed to provide that uncommon upside.