Absolute Return - Liquid & Transparent Alternatives

Geode absolute return strategies attempt to provide liquid and transparent alpha uncorrelated to major asset classes.  We provide exposure through a multi-strategy "Diversified" strategy or the opportunity to invest in any of the sub-strategies on a stand-alone basis. The portfolio management team is supported by integrated research, technology and trading teams.

Diversified

The strategy seeks to provide investors with attractive risk-adjusted returns that are uncorrelated to traditional equity and fixed income asset classes.  The strategy is managed to a low absolute level of volatility and leverage.  A multi-strategy approach is used to accomplish these goals.  Currently the strategy allocates to the following internally managed disciplines: Global Equity Market Neutral, Convertible Arbitrage, Special Opportunities, Statistical Arbitrage and Global Relative Value.

Market Neutral

The strategy utilizes proprietary quantitative models based on fundamental factors to assess the relative attractiveness of developed market equity securities. The portfolios seek to have approximately equal dollar amounts invested in long and short positions and near-neutral exposure to country, sector, style and capitalization.

Convertible Arbitrage

The strategy utilizes a proprietary valuation methodology to identify convertible securities that are undervalued. The portfolio seeks to have approximately zero net equity market exposure while maintaining an acceptable level of issuer-specific credit and/or equity volatility exposure.

Special Opportunities/Event Driven

The strategy uses a combination of proprietary screens, valuation models and fundamental analysis to profit from cross-asset class and capital structure dislocations, corporate mergers and other catalyst events.

Statistical Arbitrage

The strategy is designed to take advantage of short-term trends in investor sentiment. The factors include mean reversion, momentum, volume indicators, sentiment monitoring and exchange distributed data. The portfolio has equal dollar positions on the long and short sides and remains approximately neutral to beta, sector, and style.

Global Relative Value

The strategy is designed to capture risk premiums in the currency, commodity and index options markets. Long/short portfolios or option strategies are constructed in each asset class.

Geode’s absolute return strategies attempt to provide liquid and transparent alpha uncorrelated to major asset classes.  We provide exposure through a multi-strategy “Diversified” strategy or the opportunity to invest in any of the sub-strategies on a stand-alone basis. The portfolio management team is supported by integrated research, technology, and trading teams.

Diversified

The strategy seeks to provide investors with attractive risk adjusted returns that are uncorrelated to traditional equity and fixed income asset classes.  The strategy is managed to a low absolute level of volatility and leverage.  A multi-strategy approach is used to accomplish these goals.  Currently the strategy allocates to the following internally managed disciplines: Global Equity Market Neutral; Convertible Arbitrage; Statistical Arbitrage; Global Relative Value; and Special Opportunities.

Market Neutral

The strategy utilizes a proprietary quantitative model based on fundamental factors to assess the relative attractiveness of developed market equity securities. The portfolio seeks to have approximately equal dollar amounts invested in long and short positions and near-neutral exposure to country, sector, style and capitalization.

Global Relative Value

The strategy is designed to capture risk premiums in the currency, commodity, and volatility markets. Long/short portfolios or option strategies are constructed in each asset class.

Statistical Arbitrage

The strategy is designed to take advantage of short-term trends in investor sentiment. The factors might include mean reversion, momentum, volume indicators, sentiment monitoring, and exchange distributed data. The portfolio has equal dollar positions on the long and short sides, and remains approximately neutral to beta, sector, and style.

Convertible Arbitrage

The strategy utilizes a proprietary valuation methodology to identify convertible securities that are undervalued. The portfolio seeks to have approximately zero net equity market exposure while maintaining an acceptable level of issuer specific credit and/or equity volatility exposure.

Special Opportunities / Event Driven

The strategy uses a combination of proprietary screens, valuation models and fundamental analysis to profit from cross-asset class and capital structure dislocations.   The portfolio also makes investments in corporate mergers and other catalyst events.