Sun, Dec 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Monte Capital’s long/short equity fund up 12% YTD thanks to active management of options portfolio

Friday, November 29, 2013

Benedicte Gravrand, Opalesque Geneva for New Managers:

Monte Capital’s Theta Fund, a long/short equity fund with derivative protection, is up 12.11% YTD after returning 0.57% in October. The fund, which is listed on Opalesque’s EManagers database, manages $24.7m and has gained 10.9% since inception in September 2012.

Comparatively, the Barclay Equity Long/Short Index was up 1.79% in October, (10.61% YTD) as equity markets rallied again that month with the Euro Stoxx 50 Index gaining 6.04% and the S&P 500 rising 4.6%.

New York based-Monte Capital Group was formed in 2012, following an opportunity that started in 2008.

"We got our start back in 2008 when we were approached by a family office," Aron Schnell, founder of Monte Capital told Opalesque. "When the market turned down in ’08, they were forced to sell a portion of their positions on the lows due to a margin call. We were brought in because of our extensive background in derivatives trading and to come up with a solution to their larger problem. What came out of this was an options trading program that ran on top of their media sector-based portfolio. We were to lower the overall volatility of the portfolio, smoot......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und