Month: December 2017

Goodbye 2017

Investing legend, Seth Klarman, recently wrote that: “When the market reverses, dormant advantages conferred by analytical edge, discipline, thoughtful hedging, a sourcing network, team building and process improvement are restored.” We have no idea if or when the market will reverse, but we continue to work hard to strengthen these “dormant advantages” to which Klarman …

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Retailers rebound as Amazon underwhelms

On Tuesday, the Amazon Australia website finally launched after several false starts, to a lukewarm reception by Australian consumers. Customers complained of an underwhelming selection, uncharacteristically expensive prices, and limited delivery options. The stock prices of local retailers, under pressure for months, rebounded sharply as investors bet that the Grinch would not steal the retailers’ …

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What is David Swensen thinking?

Last month David Swensen, Chief Investment Officer at Yale University, participated in a keynote conversation at the Stephen C. Freidheim Symposium on Global economics. During the session Swensen presented his thinking on a range of investment topics that are timelessly important as well as pertinent to the environment we are faced with today as investors. …

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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.