Artem Fokin

Artem Fokin is the founder and portfolio manager of Caro-Kann Capital LLC, a hedge fund based in San Francisco. He has a diverse background that includes significant experience in both law and investment management.

Education and Early Career

Fokin earned an MBA from Stanford Graduate School of Business, where he was recognized as an Arjay Miller Scholar, and a Master of Laws (LL.M.) from NYU School of Law, where he was a Newman Scholar. He also holds a Bachelor of Law from the Higher School of Economics in Russia, where he was a Presidential Scholar. Before transitioning into finance, he practiced law at Greenberg Traurig LLP in New York City, which provided him with substantial expertise in analyzing complex corporate documentation.123

Investment Philosophy and Caro-Kann Capital

Caro-Kann Capital LLC focuses on value investing, emphasizing special situations and compounders. The firm’s name is inspired by the Caro-Kann Defense, a chess strategy that highlights the importance of building a strong defensive position before launching an offensive strategy. Fokin's investment principles include concentrating investments when adequately compensated, recognizing that risk does not equate to volatility, and understanding the significance of capital allocation and insider ownership.13

Recognition and Contributions

Fokin has gained recognition in the investment community for his insightful analyses and investment theses. Notably, he has won the SumZero Top Stocks award multiple times for his investment theses on companies like TripAdvisor and Burford Capital.36 He is also active in sharing his insights through podcasts, where he discusses various investment strategies and market dynamics.45

Personal Background

Originally from Siberia, Fokin's unique perspective on capitalism is influenced by his upbringing. He is a dual citizen of the United States and Russia, which adds to his diverse worldview in both legal and financial contexts.12

In summary, Artem Fokin is a prominent figure in the hedge fund industry, combining his legal expertise with a robust investment strategy at Caro-Kann Capital LLC. His contributions to value investing and his recognition within the investment community underscore his influence as an investor.