Grey Value Management
Unmistakable Alpha™
Coming in 2026, our new book!
Our Focus
Grey Value Management is dedicated to obsessive research and unyielding price discipline in the pursuit of Unmistakable Alpha™ - extreme mispricings offering both a substantial margin of safety and extraordinary long-term profit potential.
Team
Steven Grey
Founder/Chief Investment Officer
Steven Grey is the founder and managing principal of Grey Value Management, LLC, a privately-held investment entity that oversees the Grey Value Opportunity Fund.
Prior to launching the Fund, Steven served as the Chief Investment Officer of a private, family-controlled investment entity based in Alexandria, VA. Before that he was Managing Director of Risk at Albright Capital Management (“ACM”), a firm he helped launch with former Secretary of State Madeleine Albright. Prior to ACM, Steven co-managed an event-driven hedge fund based in New York.
Steven graduated from Columbia University’s Graduate School of Business (MBA) in 1997, the Tulane University School of Law (JD) in 1995, and the University of Texas at Austin (BA - Honors) in 1990. He studied law in both the US and Japan, has testified as an expert witness in securities litigation, and has served as an investment conference panelist.
He is also a member of the Investor Advisory Group (IAG) of the Public Company Accounting Oversight Board (PCAOB), which oversees the audits of US-listed public companies.
Steven is an avid motorcyclist, having ridden over 150,000 miles in the US and abroad. He has been a member of the American Motorcyclist Association (AMA) for 24 years.
His interests also include travel, art, literature, music, skiing/snowboarding, and flying.
He is also a trained first responder and carries the rank of Flotilla Commander in the United States Coast Guard Auxiliary, where he has been a member in good standing for over 10 years.
Christopher Fetes
Chief Operating Officer
Christopher Fetes is the Chief Operating Officer of Grey Value Management.
He has decades of portfolio management experience at the institutional and fund level. Christopher was a Managing Director at Evoke Advisors, Regional Investment Director at PNC Private Bank, Founder / Fund Manager of Bolderwood Select Credit Fund (a long/short credit fund focused on non-investment grade credit instruments), Executive Director – High Yield Portfolio Manager / Research Analyst at JP Morgan Asset Management, and Vice President – Investment Grade Research at Goldman Sachs & Co.
He graduated from the University of Florida with a B.S.B.A. (honors) and earned his M.B.A at the Kelley School of Business - Indiana University.
Christopher is a Chartered Financial Analyst (CFA) and served as President of the CFA Society of South Florida from July 2023 through June 2025.
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