Sun, Jul 5, 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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner