Month: August 2015

Make no mistake, there is a problem in the Chinese banking system

This report summarises a number of the key insights and analyses we use to support our strong hypothesis that there is a problem in the Chinese banking system and credit quality is deteriorating rapidly. We make the following key observations: Credit quality is clearly deteriorating – particularly in the corporate sector. The deterioration in credit …

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Chinese currency devaluation – what it signals

On August 11, China’s central bank announced the largest one-day devaluation of its currency in two decades, reducing its target level by 1.9% against the USD. We believe this development is drastic and is negative for two key reasons: The devaluation is the clearest signal yet that the Chinese economy is deteriorating – and likely …

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WHY U.S. INTEREST RATES MAY NOT RISE ANYTIME SOON…

Everybody knows US interest rates are set to rise. Just ask Janet Yellen, or any other member of the Board of Governors of the Federal Reserve System (the “Fed”). Just look at Fed Fund Futures which reflect market expectations for future interest rates. Indeed, it is difficult to find anyone who is not absolutely convinced …

WHY U.S. INTEREST RATES MAY NOT RISE ANYTIME SOON… Read More »

Our Montaka Long Only funds strive
to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka Variable Net funds, 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 funds strive for maximised return over the long-term. Owning the Montaka Variable Net long portfolio typically scaled up to approximately 130 percent - and the Montaka Variable Net short portfolio typically scaled down to approximately 30 percent – this these funds results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net funds strive 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 these funds are our flagship long-short.

Our
Funds

Our Funds

Our Montaka Long Only funds strive to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka Variable Net funds, 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 funds strive for maximised return over the long-term. Owning the Montaka Variable Net long portfolio typically scaled up to approximately 130 percent - and the Montaka Variable Net short portfolio typically scaled down to approximately 30 percent – this these funds results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net funds strive 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 these funds are our flagship long-short.