Opportunities in Long/Short Equity: Investing for Tomorrow, Not Yesterday – Balter Liquid Alternatives – 11.2.18

Summary:

Now On Demand.

With rates moving higher as the Fed maintains a tapering stance, tax cuts juicing earnings, buybacks continuing at a furious pace, trade wars forcing investors into domestic small-caps, and momentum traders piling into FAANG stocks – where do we go from here? Are recent market developments signaling an inflection point? At this juncture, we think exercising caution is prudent as we believe that the pace of buybacks will fade as repatriated cash is consumed, the temporary boost from tax cuts will diminish, supply chain disruptions are increasing costs, and rising interest rates are squeezing earnings. Given these broad-based concerns, how can investors navigate a potentially treacherous market environment as we enter the later stages of an economic cycle? What opportunities may exist on both the long and short sides as the landscape shifts, with rising interest rates amidst increasing market volatility?

We believe that a Long/Short Equity all-cap investing approach allows investors to be agnostic in capitalizing on inefficiencies as they present themselves across sectors and market capitalizations, wherever they may exist. By also employing a variable net exposure, it allows investors the opportunity to potentially profit on both over and underpriced securities at any point in the cycle, and in varying market environments. Please join us for this in-depth discussion that will explore:

• The current market environment
• The return and dangers of speculative mania
• Evolving industry specific dynamics
• Potential equity opportunities long and short

Speakers:

Ali joined Balter Liquid Alternatives as Managing Partner of Invenomic Capital Management, the Sub-advisor to the Balter Invenomic Fund (BIVIX) in June 2017 after a successful 14 year career at Boston Partners. Prior to founding Invenomic, Ali was Co-Portfolio Manager of the Boston Partners Long/Short Fund (BPLSX). Ali has a wealth of experience investing long and short, earning Morningstar’s Alternatives Portfolio Manager of the Year 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 also holds the Chartered Financial Analyst designation.

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 for 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.