Month: March 2016

Accounting for the GAAP in reported earnings

The importance of accounting cannot be overstated in the eyes of the Montaka research team. Accounting is the lens through which the underlying economics of a business are viewed. If this lens is distorted, the perception of a business’ health will be somewhat distorted too. One of the four characteristics we look for in an …

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Why We Like CVS

The Montaka team is constantly trying to find great businesses for inclusion in the Montaka Global Fund. We have a preference for businesses that maintain near-impenetrable positions relative to competitors, are in industries with secular growth tailwinds, demonstrate a track-record for producing above-average returns on invested capital, and have opportunities to continue to deploy large …

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Teradata: how did it get here?

Teradata is a pioneer and global leader in providing high end data warehouse and analytics technology solutions to large enterprises. But the industry landscape has been changing and Teradata has failed to keep pace. The likely outcome is that Teradata’s future earnings will be pressured beyond current expectations. Consequently, the Montaka Global Fund maintains a …

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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.