Sat, Aug 27, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new