Tue, Mar 3, 2015
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 - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie