Month: May 2018

The Great Content Rebundling

Earlier this week, Variety published an interesting article citing data from TDG that suggested Amazon Channels accounted for 55% of all third-party direct-to-consumer (“DTC”) video subscriptions. The TDG survey of 2,000 US broadband users revealed that substantially more than half of the subscribers to premium DTC channels such as HBO and Showtime had subscribed through …

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The world of asymmetries and complex systems (Part II)

In Part I, I examined the concept of hidden asymmetries, as examined by Nassim Taleb in his new book, “Skin in the Game”. In Part II, I will step you through Taleb’s take on another important concept: complex systems. Given Taleb is one of the most highly respected and well-educated mathematicians in the world, when he …

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What to make of China’s Social Credit System?

In recent weeks, a very well-researched paper on China’s rapidly evolving Social Credit System (SCS) was published by the University of Leiden’s Rogier Creemers. We believe analysis of China’s SCS provides insight into the philosophies of China’s leadership as well as their evolving and innovative methods of effecting control. China’s SCS will ultimately affect just about …

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Does time in the market really produce better returns?

One of the most common and straightforward passive investment strategies is to “buy-and-hold” an index of stocks. Proponents of this strategy typically believe that “time in the market, not timing the market”, produces the best returns. They may point to the attractive returns generated by equity markets over a (very) long time horizon, for example …

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The world of asymmetries and complex systems (Part I)

I recently finished reading Nasim Taleb’s latest book, “Skin in the Game” and thought it would be useful to share some of our insights from it in the context of our investment process here at Montaka. As we know, Nassim Taleb is famous for many groundbreaking contributions to financial markets including his seminal work “Fooled by Randomness” …

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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.