Month: April 2016

Is the iron ore price rally sustainable?

Since late last year, the iron ore price has rallied by more than 50%, increasing from less than $40/tonne to approximately $60/tonne today. It has coincided with renewed optimism (by some) over a return to the credit-fueled fixed-asset-investment-led growth model that has characterized China over the last decade. Should Chinese policymakers instruct their banks to …

Is the iron ore price rally sustainable? Read More »

The Fate of the U.S. Mail Industry – Sign, Sealed, Delivered?

Following on from a recent blog post on what makes a great short, we will discuss the Thematics / Structural Declines component of the Montaka short framework, using a real-life example. As a quick recap, structural declines refer to changes in industries which are non-cyclical in nature and typically occur over long periods of time. …

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What makes a great short? (Part I)

In this four-part series, we will examine in detail the four specific characteristics that we think make an attractive short. The first of the four specific characteristics that we think make an attractive short candidate we call: Thematics or Structural Declines. Here, we are referring to multi-year, structural changes that we see happening – typically …

What makes a great short? (Part I) 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.