UK’s Carmika Partners' Alpha Hedge Launches on Hydra Global Hedge Strategies Marketplace
CHICAGO and LONDON (PRWEB) May 21, 2018 -- Kettera Strategies LLC, which operates Hydra, the leading managed account marketplace for macro, commodities and liquid equity hedge fund strategies, today announced that London-based Carmika Partners LLP will offer its alpha generating equity tail-risk strategy to investors through the marketplace.
Carmika was founded in 2015, by two industry veterans, Manjeet Mudan and Martin Vestergaard, who met when working at Goldman Sachs. Kettera’s Hydra will offer Carmika’s Alpha Hedge Strategy, which is focused on isolating anomalies across equity option volatility markets globally, while limiting risk through an asymmetrical hedge with positive convexity to the up- and down-side and maintaining the ability to benefit from an improvement in markets.
“We are excited about our relationship with Kettera and their Hydra marketplace. We believe our global arbitrage trading strategy is well-suited for growth,” said Martin Vestergaard, Partner & Portfolio Manager.
“We are delighted to welcome Carmika to the Hydra Global Hedge Strategies marketplace,” said Terri Engelman Rhoads, Kettera’s President.
Hydra’s “Global Hedge Strategies” arm is an expansion of the Hydra marketplace, which has already distinguished itself in the macro/managed futures space by providing investors with daily transparency, intra-month liquidity and notional funding capabilities.
Goldman Sachs International serves as prime broker for the Carmika Cell on the Hydra marketplace. RSM provides audit services, BMO is bank custodian, and NAV Consulting, Inc is the cell’s administrator. In contrast to other hedge fund platforms, Hydra’s service providers are independent companies unaffiliated with Kettera or its managers.
Hydra is available to US and non-US investors via a master-feeder structure.
About Carmika Partners LLP
Carmika Partners LLP (“Carmika”) is authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom and registered with the U.S. Securities and Exchange Commission (“SEC”).
Carmika’s mission is to create short equity market exposure aiming to generate positive returns during market drawdowns, and alpha throughout market cycles. The strategy uses volatility arbitrage to pay for the cost of owning protection over time. The strategy is positive carry and together with a rules-based approach to monetization mitigates this issue of market timing.
About Hydra and Kettera Strategies
Chicago-based Kettera Strategies LLC owns and operates Hydra, a leading independent, custody-based managed account marketplace. Hydra provides institutional investors, family offices, wealth managers and high net worth investors with efficient access to an array of alternative investment strategies. More than 40 investment strategies are currently available on Hydra. Hydra allows investors to access single managers or create bespoke, multi-manager portfolios from an array of established and emerging managers. The marketplace offers enhanced liquidity, partial funding (depending on the strategy) and daily performance reporting. Hydra is independent and objective, freeing it from conflicts of interests often associated with bank and brokerage-based groups.
Important Risk Information
THE PAST PERFORMANCE OF ANY INVESTMENT PRODUCT OR ANY TRADING ADVISOR ASSOCIATED WITH THE HYDRA MARKETPLACE IS NOT NECESSARILY INDICATIVE OF THE FUTURE RESULTS OF EITHER THIS INVESTMENT PRODUCT, OTHER INVESTMENT OFFERINGS OR THE TRADING ADVISOR OR INVESTMENT ADVISOR ASSOCIATED WITH THE PLATFORM. There is no guarantee or representation made that any Hydra investment program, trading manager or investment product associated therewith will be successful or not lose money. As with all investments, investment products offered on the Hydra marketplace are subject to the risk that the relevant investment management strategy may not produce the intended results.
This Hydra Carmika Cell is new with a limited history of operations for investors to evaluate. There is no guarantee that the Hydra Cell will achieve its objective, generate positive returns, or avoid losses.
This release is intended solely for informational purposes only – and not for the solicitation of any investment product or advisory program. This document does not constitute advice or a recommendation to make any investment or for a specific investment strategy.
An investment in a Hydra Cell is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in any Hydra Cell can increase during times of significant market volatility. Each Hydra Cell also has specific principal risks, which are described in the Explanatory Memorandum. The above constitutes neither investment advice nor a solicitation for the purchase of securities. Potential investors should consult their own financial advisors and counsel as investments of this nature are speculative and involve substantial risk, including risk of principle. Potential investors should carefully review all of the offering documents related to the Hydra marketplace and the Carmika Cell, which more adequately describe the structure and risks of the Hydra marketplace and the Carmika Cell in order to determine whether any investment is appropriate for their individual circumstances and risk tolerance. Only investors who are qualified purchasers may invest in the Carmika Cell.
PURSUANT TO AN EXEMPTIONS FROM THE U.S COMMODITY FUTURES TRADING COMMISSION (CFTC) AND THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) IN CONNECTION WITH POOLS/PORTFOLIOS WHOSE PARTICIPANTS ARE LIMITED TO QUALIFIED ELIGIBLE PERSONS OR QUALIFIED PURCHASERS, AN OFFERING MEMORANDUM FOR ANY POOLS/PORTFOLIOS DESCRIBED HEREIN IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE CFTC OR THE SEC. NEITHER THE CFTC NOR THE SEC PASSES UPON THE MERITS OF PARTICIPATING IN A POOL/PORTFOLIO OR UPON THE ADEQUACY OR ACCURACY OF AN OFFERING MEMORANDUM. CONSEQUENTLY, NEITHER THE CFTC NOR THE SEC HAS NOT REVIEWED OR APPROVED ANY OFFERING MEMORANDUM FOR ANY OF THE POOLS/PORTFOLIOS.
Thomas Walek, Peaks Strategies, http://www.PeaksStrategies.com, +1 917-353-7575, [email protected]
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