Tue, Oct 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers February 2013

Profiles - Chessica, Maglan, Phase Capital speak about their funds

Chessica's fund, run by two chess masters, is up 2.62% in January after gaining 28%+ in 2012 Alexander Rabinovich

Chessica Asset Management's Genius fund was launched in January 2010, although the strategy itself is around 20 years old. It is up 2.62% in January after gaining 28.9% in 2012, -0.01% in 2011 and 14.6% in 2010.

The $1m fund uses a market and delta neutral strategy; it exploits inefficiencies in underlying indices and their options with a proprietary model, making use of the most popular and liquid indices like NDX, Russell and similar ones. It is featured in Opalesque Solutions' Emerging Managers database.

Chessica, which has offices in New York and in Toronto, Canada, was founded by Victor Plotkin and Alexander Rabinovich, two Russian nationals and chess masters, and entrepreneur A.J. Caro. The name of the fund refers apparently, to their high IQ levels. Plotkin, who studied mathematics and theory of probability, had been running the strategy for almost 17 years before that in a managed account format. Rabinovich, who has a software engineering degree, joined Plotkin to develop the hedge fund offering of the strategy that is featured in this article.

"The strategy in general is market and delta neutral," Rabinovich told Opalesque. "That is the overall approach. Now with all these trends on the market, one cannot just ignore them. And sometimes we take ......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t