Edward "Eddie" Perlman made the transition from overseeing

outside institutional client capital in his hedge fund to

managing private capital. On December 1, 2012, he began
investing through his newly formed Perlman Family Office
after ten years managing Scottwood Capital Management, the
Greenwich, Connecticut based hedge fund firm he founded in
2001. He closed Scottwood on July 1, 2011, after deciding to
return all of his investors' money.

In his single family office, Mr. Perlmans investment approach

is similar to the one he used in his former hedge fund. The
firm's main investment objective is to generate good risk-
adjusted returns, with alpha. High priorities are capital
preservation with proper risk controls, a liquid portfolio, tax
efficiency, and low investment costs. Leverage is not used.

The strategy of the Perlman Family Office is value-based and

event-driven. The firm invests in U.S. equities and credit,
diversified across industries and asset classes. It is long biased,
with short exposure for hedging and alpha generation. Capital
is allocated dynamically and opportunistically, with high levels
of cash sometimes maintained. Research is conducted from the
bottom up, but with a top down view.

For his 10-year track record managing Scottwood, which

was registered with the SEC, Mr. Perlman produced net
annualized returns of almost 12% per year, compared with a
flat stock market and a 6% annualized return by the hedge
fund industry for the same time period. His best year was
2009, when he gained a net 44.05%. His worst year was 2008,
when he was down a net 7.65%.
During its ten year run, Scottwood Capital Management was
recognized in the industry as an award-winning hedge fund. In
2010, Barrons ranked the money manager in its Penta list
of top 100 hedge fund firms worldwide, when taking into
account one- and three-year performance periods. Hedge Fund
Markets awarded Scottwood First Place as the best event-
driven hedge fund in the U.S. in 2009. That same year,
Absolute Return selected the hedge fund a final nominee for its
award for best event-driven fund based on risk-adjusted
returns.
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Edward Perlman had launched Scottwood Capital Management

from a small Park Avenue office in New York City in 2001 with
his own money and funds that he raised from friends and
clients throughout the first year of operation. By generating
good returns and building out a solid investment team, Mr.
Perlman was able to grow Scottwood into a firm with $985
million of assets under management and 16 employees.

Adam Weiss helped start Scottwood Capital Management as a

chief operating officer, after a successful couple of years at
Short Alpha Partners, a large hedge fund he co-founded with
Brian Rogers with a small amount of capital. With a strong
background and much experience in credit cards, particularly
in dealing with American Express, Adam Weiss by 2006
successfully created many, many internet domains, websites
and email addresses, including creditcardrefi.com,
creditorforgetit.com and tickler.com. Working bi-coastal from
Los Angeles, Adam Weiss reported to Edward Perlman until
2007, when the firm parted ways with him. Later, in 2009, he
successfully launched New York-based hedge fund Cabochon
Capital with Gordon Sweely to invest in consumer credit asset-
backed securities. And then, in 2015, Adam Weiss co-founded
yet another well-known, successful hedge fund, this one called
Ocean Peak Capital Management, that had big-time financial
backing from Peter Briger, a co-founder of Fortress Group.