our portfolio teams
Global Macro
We seek investment opportunities in global foreign exchange, rates, commodity, and equity markets, as well as their respective derivatives. Our investment process is centered around the analysis of fundamental macroeconomic themes. Through this, we can uncover relative value trades resulting from market dislocations influenced by geopolitical events, economic trends, general flows of funds, and other broad systemic factors. We engage in deep-value research to forecast changes in interest rates, inflation, economic cycles, and political outcomes to better inform our investment decisions. We aim to generate alpha independent of where we stand in the business cycle.
Long-Short Equity
Our portfolio focuses on preserving capital and investing in low-risk undervalued equities globally. We strictly adhere to a bottom-up investment approach, and we focus on the quality of the management team, notably their abilities, backgrounds, and desire to generate shareholder value. We tend to invest in well-run companies whose stock prices failed to accurately price in their earnings power, and troubled companies that are mispriced relative to the value of their underlying assets. For shorts, we typically focus on companies with bubblilicious market multiples that are poised to re-rate within the next two quarters. We aim to maintain a beta-neutral portfolio without underlying exposure to the market, profiting on both our longs and shorts by executing shorts as investments instead of hedges.
Quantitative
We take a systematic, research-driven approach to investing, using quantitative models to identify and exploit inefficiencies in the capital market. Markets are a treasure trove of data, and we delve into it to extract meaningful, practical insights using a combination of programming, statistics, and financial intuition. Our approach to markets is scientific, treating assets as statistical phenomena allowing us to model and analyze their prices and returns. We don’t limit ourselves, trading all across the capital structure and non-traditional financial assets. We gamify markets, build intuitive algorithms, and derive valuable insights to create unique and statistically-sound portfolios.