Page 19 - BusinessWest March 17, 2021

Taking the Long View
Napatree Capital Brings ‘Value Investing’ to Western Mass.
IBy Mark Morris
n a co-working office space at the historic Brewer-Young mansion, Jeff Liguori and Matt Landon help people build their finan-
cial futures.
Liguori, founder and chief investment officer
of Napatree Capital in Providence, R.I., relocated to Western Mass. in 2015 and began to sense increasing demand for his firm’s services in this area. In January, he hired longtime acquaintance and Western Mass. native Landon as a partner in the firm. Together, they discussed opening a local office, and on Feb. 1, Napatree Capital opened
its five-person firm in the restored mansion in Longmeadow’s center.
While Napatree could have served clients here from Providence, Liguori and Landon both thought it was important to have a physical pres- ence in Western Mass.
“It was serendipity that there was one opening left in the Brewer-Young mansion,” Landon said. “We felt this iconic and different building fit with our image, so we jumped on the opportunity to locate there.”
Liguori, who grew up in Westerly, R.I., named his firm after Napatree Point in Watch Hill.
“It’s a beautiful stretch of beach where I’ve spent many summers,” he said. “As the south- westernmost point of Rhode Island, it separates Block Island Sound from Long Island Sound, so it
really splits Rhode Island from New York.”
Because he liked the symbolism of its loca- tion and the relative obscurity of the name, he sought copyrights for several variations of the Napatree name in antici- pation of one day start- ing his own firm. “Very few people have heard of it; even many Rhode Islanders don’t know Napatree Point.”
Liguori explained that his firm specializes in two areas: working with private investors look- ing to reach long-term financial goals, and managing endowments for nonprofits, which he called a growing area of business.
Matt Landon and Jeff Liguori saw an opportunity for Napatree Capital to better serve Western Mass. out of its new location in Longmeadow.
The firm’s business philosophy starts with ‘value investments,’ which Liguori says has to do with how a stock measures up against its indus- try or sector. The firm has had success taking a
contrarian approach by investing in companies that are currently under the radar and might be underpriced by the market.
“Our investment committee is skilled at find- ing temporarily undervalued, underloved, and
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