Wed, Oct 1, 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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is