Argonaut Capital
http://argonautcap.comFrom website: Argonaut Management, L.P. is a longer term, thematic, discretionary global macro investment manager with an uncorrelated, profitable return profile and an unyielding risk management process as an overlay.
The firm seeks to generate high, risk-controlled returns by investing in currencies, commodities, fixed income instruments and equity index futures (this firm does not trade individual stocks). Analysis of macro-economic data, central bank policy and market expectations are employed to form a top-down view of the world. That view is then cross-filtered with primary research on a micro level to identify investment prospects that are not fully reflected in market prices. Once identified, the position/portfolio is structured accordingly, and multiple asset classes are used to express the firm’s macro view. Risk management is separated from portfolio management/construction and strict risk measurement limits are employed, including daily VaR, leverage limits, asset allocation exposure, and concentration limits. The firm also employs a strict portfolio wide drawdown limit, trades in only the most liquid securities, and stress tests the portfolio daily.
