Month: October 2018

A misbehaving bond-substitute

For much of the last decade, many investors were lured to a particular class of equities which, as they believed, would deliver yields greater than what could be achieved in the bond markets but without taking significantly more risk. This was the environment of ultra-low interest rates which forced investors up the risk spectrum. Characterised …

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The difference between a good product and a good business

Last month, Instagram co-founders Kevin Systrom and Mike Krieger caused a stir in the tech community when they walked away from the app they created due to tensions with parent company Facebook and CEO Mark Zuckerberg. According to various tech publications, the co-founders had become annoyed at the increased meddling by Facebook executives with Instagram’s …

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The clandestine threat from China

Earlier this month Bloomberg Businessweek published an article with allegations that were, to say the least, explosive. The article asserts that during the manufacturing process, China had inserted trojan-horse chips into the motherboards of servers destined for the U.S.–an extraordinary feat, if true, as well as a grave security threat to any company or government agency …

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Instagram Reaches Pivot Point as Facebook is Handed the Reins

Last week, Instagram co-founders Kevin Systrom and Mike Krieger announced their plan to leave Instagram to “explore their curiosity and creativity again.” The social media company, acquired by Facebook in 2012 for $1 billion, is now worth $100 billion according to Bloomberg Intelligence analyst Jitendra Waral. Facebook’s market value today is $480 billion, emphasising how significant …

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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.