After Strong 2016 Performance, Moab Looks For Cheaper Hedges

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Mark Melin
Published on
Updated on

Moab Capital Partners Portfolio Manager Michael Rothenberg watches this market activity while scratching his head. Markets have priced in a significant degree of Trump perfection, which seems odd given the known unknowns. Looking over 2016 the $572 million hedge fund manager noted its performance was tempered by market hedges – which smoothed out volatility during the many points of stress throughout the year. Nonetheless, given its 2016 performance closely matched that of the S&P 500 over the period of time, the hedges served their purpose. The issue is how will the strategy perform in 2017? Moab Partners Profits From Trump…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.