Lucerne Capital Management, L.P. is an investment firm specializing in fundamental, bottom-up stock selection with a focus on European markets. The firm manages approximately $900 million in assets. Lucerne's expertise is a combination of four decades of experience in European equity research and a repeatable private equity investment style with tactical trading around value dislocations. The portfolio managers, Pieter Taselaar and Thijs Hovers, invest in European equities where they can capitalize on inefficiencies that result from reporting lags, inadequate analyst coverage, misunderstood trade and fiscal policies, changing industry dynamics and changes to the competitive landscape. Lucerne was founded by Pieter Taselaar in 2000. The firm has been registered with the U.S. Securities and Exchange Commission since inception and is headquartered in Greenwich, CT with a research office in Amsterdam, the Netherlands.