Episode 31: The Overlooked Value in Real Assets: Helicopters - Matt Rothschild, Thora Capital

The Biltmore View

25-08-2023 • 50 mins

That’s right, helicopters. At Biltmore we believe a reliable way to produce outsized returns is through purchasing assets and securities below their fundamental value. In efficient markets, that’s a very difficult thing to do. But if you look hard enough, you can find areas that markets overlook, fear or misunderstand. It is this great search that takes us to some unexpected corners of the investment world. And looked at in this context, helicopters become a lot less mundane and a lot more exciting as a place for investment. Matt Rothschild, founder and portfolio manager of Thora Capital will be our guide today as we dig deep into the fascinating world of helicopters as an investment.

Matt has been an institutional investor dedicated to financial services for two decades and a practicing environmental engineer prior. Before founding Thora Capital, he was a portfolio manager at Balyasny Asset Management, where he focused on alternative asset managers and the insurance sector. Previously, Matt was head of the US Financial Services sector at AllianceBernstein and a portfolio manager at Alyeska Investment Group. Matt holds an MBA with Honors from the University of Chicago Booth School of Business, an MSE in environmental engineering from Tulane University, and graduated magna cum laude from Tufts University with concentrations in civil & environmental engineering and environmental studies.


This podcast was recorded on August 22,  2023.  The respective opinions expressed are those of Mr. Rothschild and the Biltmore Family Office, LLC investment team.  The opinions referenced are as of the date of this podcast and are subject to change without notice.  This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector.  Forward-looking statements are not guaranteed.  BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate.  The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives.  Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.

Biltmore Family Office, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about BFO’s investment advisory services can be found in its Form ADV Part 2, which is available upon request.

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