Month: September 2015

Getting to know the Montaka portfolio – Part I

As part of our efforts to promote transparency in Montaka, we publish the following charts each month to give our investors insight into the geographical regions to which their capital is exposed. The charts below illustrate the percentage of client capital that is exposed to each region in terms of where the underlying businesses are …

Getting to know the Montaka portfolio – Part I Read More »

Quiksilver update

Last year, Montaka’s Andrew Macken wrote a short thesis on the deterioration in the business quality of surf wear company Quiksilver. On September 9, 2015, Quiksilver filed for Chapter 11 Bankruptcy. We re-share the original thesis here.

Are emerging markets taking too much credit?

Occasionally we see a chart that makes us really stop and take note. The chart below, published by JP Morgan and sourced from the Bank of International Settlements, illustrates the level of credit extended to the non-financial corporate sectors of developed markets (“DM”) versus emerging markets (“EM”) over time. Expressed as a percentage of GDP, …

Are emerging markets taking too much credit? 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.