Alternative investment and advisory boutique Penso Capital Markets has launched its third asset management strategy, the Global Crisis Strategy, designed to capitalise on opportunities in
Alternative investment and advisory boutique Penso Capital Markets has launched its third asset management strategy, the Global Crisis Strategy, designed to capitalise on opportunities in the equity, fixed income, commodity and foreign exchange markets.
Penso says its expertise in global risk management enables it to take advantage of dislocations and investment opportunities that typically are unapparent to most investors. The firm, which has some USD400m in assets under management, seeks to exploit opportunities in all asset classes.
‘The Global Crisis Strategy is designed to capitalise on over- and under-estimation of both systemic and inherent risk in a variety of markets,’ says Penso’s lead portfolio manager and managing principal Ari Bergmann.
‘The extreme market volatility, coupled with current and foreseeable economic and geopolitical risk – which exists without regard to strategy or asset class – has presented investment opportunities that we believe we are well positioned to exploit.’
The strategy aims to produce a significant negative correlation to down-trending markets and most hedge funds, while producing a respectable positive return in both stable and bull markets.
Consistent with the firm’s overall investment philosophy, the strategy will be managed with strict adherence to the risk-adjusted return on capital approach, which stresses capital preservation and long-term consistency. The Global Crisis Strategy is currently open to new investment.
Penso’s suite of asset management vehicles includes a multi-strategy fund of hedge funds and a hybrid fund of hedge funds, which combines leveraged hedge fund allocations with opportunistic hedging and special situations investments.
Penso, which was founded by Bergmann in 1997 and is based in Cedarhurst, New York, also provides strategic risk management advisory services to institutional clients managing a minimum of USD500m, using its proprietary research and derivatives expertise to create and implement risk management and hedging strategies to meet the clients’ investment objectives.
