Calls
3
Nick Nemeth
Author, Mispriced Assets
Win Rate
66.7%
return
+6.9%
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Ticker
Side
Mentions
First Call
Call Price
P&L
Thesis
Theme
Source
Short
Jul 20
$123.90
-16.0%
Among publicly traded alternative asset managers, Ares Management has the biggest gap between its premium brand and reality. Blackstone is overrated because its entire business revolves around marketing rather than investment skill. Blue Owl Capital is the most underrated; despite bad public relations, its underwriting quality is stronger than the market believes.
Capital Markets
Long
Jul 20
$10.71
+10.7%
Ares Capital (ARCC) is overvalued relative to FS KKR Capital (FSK). Both BDCs hold around 60% in software loans, but ARCC has more subordinated debt and trades at a tiny discount to NAV while FSK trades at a 50% discount. The market's professional preference for ARCC is unwarranted, making ARCC a crowded long and FSK a deep-value opportunity.
Capital Markets
Long
Jul 20
$9.26
+25.8%
Among publicly traded alternative asset managers, Ares Management has the biggest gap between its premium brand and reality. Blackstone is overrated because its entire business revolves around marketing rather than investment skill. Blue Owl Capital is the most underrated; despite bad public relations, its underwriting quality is stronger than the market believes.
Capital Markets
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Nick Nemeth has 3 trade ideas tracked on Buzzberg across 3 tickers since April 2026. Most covered: BX, OWL, FSK.
