Israeli startup to launch long/short equity fund specialising in covered-call strategy David Linden

An Israeli startup is about to launch a long/short equity fund that specialises in covered calls and in income, and that invests in large cap US blue-chip stocks.

David Linden, the investment manager, was hedge fund analyst at Gems Research from 2003 to February 2014. Hylton Peimer, who looks after Operations, was working with Israeli hi-tech start-ups until September 2014.

Their company, H.L. Strategic Investment Advisors Ltd., is located in Tel Aviv, with investor relations in the U.S. It does not have a website just yet.

The HL Opportunity Fund is legally registered in Delaware as a US limited partnership, and won't launch until January, 2015. In the mean time, the strategy has been running as a managed account since October 2013, returning 7.65% YTD (to end-September), and the back-test has returned 16.4% since July 2013.

The S&P 500® Stock Covered Call Index, which seeks to simulate a volatility-driven covered call strategy based on the eligible individual constituents of the S&P 500, was up 8% YTD on 27th November......................

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