Month: July 2018

An American butterfly flaps its wings

The last few months have not been great for Australian investors. Mortgage rates have been increasing (despite no change in the RBA’s cash rate), thereby increasing the debt-servicing requirements of one of the most indebted household sectors in the world. Meanwhile, the Australian dollar has been depreciating, at least against the US dollar, representing an …

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WHITEPAPER: HOW TO PROFIT FROM MARKET MYTHS

All too often, investors rely on conventional wisdom – ideas that were once true, but no longer hold. Great investment opportunities can come from questioning these ideas. Take consumer packaged goods businesses who produce everyday goods, like Kraft Heinz, Edgewell and Kellogg. The long-held view has been that these businesses are highly defensive, and that …

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The difference between complex and complicated

Greenlight Capital, Third Point, Glenview Capital, Lone Pine Capital, Omega Advisors, Millennium Management and Point72. If you came across these names on a list, you’d probably think it was the agenda for a high-powered New York hedge fund conference. Actually, these are just some of the many hedge funds at the top of the share …

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Playing Chicken: The Fed vs the Bond Market

Filtering through the endless stream of information and data that we are constantly bombarded with can be an overwhelming task, particularly in the financial markets. Separating signal from noise is made even more challenging as one person’s signal, may be another person’s noise and vice-versa. There is perhaps no better example in the market today …

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Sporting and Business Worlds Collide

“You gotta keep the worlds apart” – George Costanza For anyone who is a Seinfeld fan, the importance of keeping one’s different but important life interests, or “worlds”, separate should be obvious, serious, and hilarious. For those who don’t know the sitcom as intimately, a classic episode plays out where Jerry’s friend George Costanza (played …

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Accounting Red Flags and Flashbacks of Failure  

The common narrative today is that accounting fraud is virtually impossible. Stringent regulatory standards, extensive reporting requirements and professional auditors, have made financial statements and listed businesses more transparent than ever. While this perspective is true for a large majority of companies, its premise should be evaluated. Accounting is simply the language of finance and …

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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.