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New Managers January 2019

SEEDERS & PLATFORMS: French seeder NewAlpha invests in discretionary global macro manager launched by Deutsche Bank veterans

 

French seeder NewAlpha invests in discretionary global macro manager launched by Deutsche Bank veterans NewAlpha Asset Management, the Paris-based global fund incubation and acceleration specialist, has announced a strategic investment with discretionary global macro manager Montrock48 Capital LP. Launched in July 2016, New York based Montrock48 is an alternative asset manager that invests in discretionary global macro themes using a sophisticated approach that combines deep fundamental economic analysis and sophisticated derivative-based trade structuring.

The Firm was founded by Richard Herman and Louis Jaffe, who worked together at Deutsche Bank and Bankers Trust for a combined 48 years, eventually leading the global fixed income franchise. Each have invested a meaningful portion of their net worth in the fund. Montrock48 takes a differentiated and fresh approach to macro investing, the portfolio management team expresses these themes using highly quantitative and structured derivative products that Montrock48 feels optimize investment opportunities. Put simply, the portfolio management team use their knowledge of global markets in order to find the most positively asymmetric return profiles possible, using highly sophisticated quantitative models.

This modern approach produces a liquid and risk-efficient portfolio, largely uncorrelated to traditional asset classes. Risk management is core to the investment process and critical to how capital is allocated across the portfolio. Montrock48 has developed a thorough risk management process designed to highlight and mitigate long and short term potential losses to the portfolio.

Prior to co-founding Montrock48, Rich Herman, CEO and CIO, ran Deutsche Bank's Global Fixed Income, Currencies, and Commodities division. During his tenure Rich was CEO of Deutsche Securities (DB's North American entity) from 2014 to 2015 and a member of DB's Global Investment Bank Management Committee from 2008 t......................

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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.
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