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Merry Christmas and Happy Holidays

It has been another year filled with twists, turns and challenges. We once again thank you for your ongoing support and the trust you place in us to preserve and grow your wealth.

– Andrew Macken

 

It has been another year filled with twists, turns and challenges. One year ago, equity markets were in free fall and bearishness was higher than it was during the 2008 Global Financial Crisis (see chart below). And yet today, monetary policies have recommenced accommodating, the UK has some long-awaited certainty and the US and China appear to be collaborating (to some extent). In short, equity markets are strong.

Google Trends index for keyword: “Bear Market”

Source: Google Trends

 

We will reflect on the year that was in our December Quarterly Letter and update our positioning for 2020. This should be out in early January. In the meantime, we would like to take this opportunity to wish all our investors, readers and supporters a merry Christmas and a safe and happy holiday period. We once again thank you for your ongoing support and the trust you place in us to preserve and grow your wealth.

 

I would also like to take this opportunity to thank each and every one of our team. From our investment team, to our operations and finance team, to our business development team and our distribution partners. It has been a very busy year and everyone has earned a well-deserved break. We are already looking forward to recommencing in early January to do it all again.

 

 

 

 

 

Andrew Macken is the Chief Investment Officer of Montaka Global Investments. To learn more about Montaka, please call +612 7202 0100.

Our Montaka Global Long Only strategy strives to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka strategies, this offering is focused on owning the world’s high quality, undervalued businesses – and cash when appropriate – to outperform its benchmark.

Our Montaka Active Extension strategy strives for maximised return over the long-term. Owning the Montaka long portfolio typically scaled up to approximately 130 percent - and the Montaka short portfolio typically scaled down to approximately 30 percent – this strategy results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net strategy strives for significant downside protection – but with minimal upside reduction. Focused on owning the world’s great and growing businesses when they are undervalued, while managing a portfolio of short positions in businesses that are deteriorating, misperceived, and overvalued, this strategy is our flagship long-short

Our
Strategies

Our Strategies

Our Montaka Global Long Only strategy strives to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka strategies, this offering is focused on owning the world’s high quality, undervalued businesses – and cash when appropriate – to outperform its benchmark.

Our Montaka Active Extension strategy strives for maximised return over the long-term. Owning the Montaka long portfolio typically scaled up to approximately 130 percent - and the Montaka short portfolio typically scaled down to approximately 30 percent – this strategy results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net strategy strives for significant downside protection – but with minimal upside reduction. Focused on owning the world’s great and growing businesses when they are undervalued, while managing a portfolio of short positions in businesses that are deteriorating, misperceived, and overvalued, this strategy is our flagship long-short