Long/Short Equity: Rising From the Ashes – Balter – 3.27.18

Speakers:

Ali Motamed is the Managing Partner of Invenomic Capital Management, the Sub-adviser to the Balter Invenomic Fund. Prior to founding Invenomic, Ali was Co-Portfolio manager of the Boston Partners Long/Short Equity Fund. He was awarded Portfolio Manager of the Year in the Alternatives Category by Morningstar in 2014. Prior to joining Boston Partners, he was a member of the global mergers and acquisitions teams at Deutsche Bank and BT Wolfensohn. Mr. Motamed holds a B.A. degree in economics with a minor in accounting from the University of California, Los Angeles, and a M.B.A. degree from Harvard Business School. He holds the Chartered Financial Analyst designation. He has 17 years experience.

Ben began his investment career in 1998 and has experience in both mutual fund and hedge fund investing. At Balter Liquid Alternatives (BLA), Ben is responsible for managing the firm’s mutual fund products and is a portfolio manager of each BLA Fund. Ben has experience working for hedge fund allocators as well as directly within a hedge fund, which provides him a differentiated perspective of seeing hedge funds from both sides of the business. Prior to joining Balter Capital Management (BCM) in 2012, Ben was a Managing Director at Sabretooth Capital Management, LLC, a global multi-strategy hedge fund affiliated with Tiger Management. Prior to Ben’s time at Sabretooth he spent 10 years at Federal Street Advisors, a Boston based wealth management firm, leading their alternative investment research. At Federal Street, Ben was the portfolio manager for Federal Street’s Saltbox Partners, LP, an internal long/short equity hedge fund of funds. Prior to Federal Street Ben was an Analyst at Principal Financial Group and NQP Administration Services. He is a graduate of Bentley University with a B.S. and M.S. in Finance. Ben has earned the Chartered Alternative Investment Analyst designation.

Summary:

On Demand Soon.

With the continued impact of QE, depressed yields, and an overall lack of volatility fueling the unprecedented equity market run up, investors have been left with few alternatives to equities to consider. While recent market developments may signal a change, the T.I.N.A. effect (‘There Is No Alternative’) on stocks in a zero rate universe has driven valuations to a lofty level that has left much to be desired. As we approach an inflection point in the market, the argument for T.I.N.A. is on its last leg. Where do investors go from here? Is it possible for investors to generate positive returns in excess of benchmarks, but without interest rate or market risk? What opportunities exist as the landscape shifts, with rising interest rates amidst increasing market volatility?

While Long/Short Equity investing has been somewhat of an after-thought in the current market environment, we believe that this approach allows investors to exploit inefficiencies wherever they may exist, providing the opportunity to profit on both over and underpriced securities at any point in the cycle. Please join us for this in-depth discussion that will explore:

• The current market environment.
• The recent surge in passive investing that may result with investors unprepared, or worse, to exploit market inefficiencies and dislocations.
• A “Quantamental” approach to Long/Short Equity investing with variable exposures based on market conditions.
• Potential opportunities to profit both long and short, regardless of where we are in the cycle.