MP3 Finance

Michael Perone serves as Co-Founder and Chief Investment Officer, directly managing all investment decisions. He personally authors the research underpinning the firm's public equity positions, continuing the analytical approach he developed as a columnist at Barron's and founder of the short-focused research firm 3PM Research.

The capital originated from Michael Perone's career in activist short-selling and financial media. Unlike family offices seeded by operating-company exits or inheritance, Perone built his pool of capital by identifying and betting against companies he viewed as overvalued, alongside his work as a financial journalist covering small-cap equities.

The firm relocated to San Juan to utilize Puerto Rico's Act 20 and Act 22 tax incentives, which offer significant exemptions on capital gains and passive income for qualifying individuals who move to the island. This relocation allows the family office to compound returns more tax-efficiently while investing primarily in US public markets and local real estate.

Yes. Michael Perone continues to publish short reports and build bearish positions through the family office structure, as demonstrated by his January 2024 report targeting a technology company. The permanent capital base of a family office eliminates the redemption risk that hedge funds face during prolonged short campaigns.

The firm allocates to private credit opportunities and owns direct real estate, specifically income-producing residential multifamily properties in the San Juan, Puerto Rico area. The real estate strategy focuses on cash flow generation in a market where the firm has an on-the-ground presence.