S2 Ep12: Jay Goodgal, MD of Castalia Partners Ltd

In this week’s podcast Jay Goodgal, MD of Castalia Partners Ltd, New York, tackles the tough questions about investing in shipping. How can an investor find value in today’s shipping market with such uncertainty about future regulations? Are ESG scorecards useful – and are they being used? How is the Biden Administration measuring up in terms of its environmental policy? And, perhaps the most difficult question of all – how does an investment firm with a clear focus on consistent gains and low volatility approach the ever inconsistent and volatile shipping market? Castalia Partners, registered in Guernsey, has managed assets worth hundreds of millions of dollars.  Its core competencies include agriculture, commodities, energy, infrastructure, and real assets. In the maritime and transportation space, Castalia has experience in investing in ships, ports and terminals. Castalia focuses on stable cash flow, consistent gains and relatively low volatility. The firm has an eye for ESG policy issues and the rule of law.  Jay has been with Castalia for 29 years and has a BA in Social and Behavioural Sciences from Johns Hopkins University and an MBA from the University of Chicago’s Booth School of Business.   In 1992, in partnership with Peter G. Stokes, Jay launched the first shipping hedge fund, Castalia Offshore Partners Limited (COPL). In 1996, COPL launched the first FFA fund, Excalibur Global Investments Limited.