HOUSE_OVERSIGHT_026669.jpg

2.92 MB
View Original

Extraction Summary

1
People
3
Organizations
0
Locations
2
Events
1
Relationships
3
Quotes

Document Information

Type: Financial report / quarterly investor letter
File Size: 2.92 MB
Summary

This document is a page from a financial report (likely an investor letter) by Boothbay, detailing the fund's performance and strategy for late 2016 and early 2017. It discusses the concept of 'Platform Beta' and how the firm attempts to minimize exposure to crowded market positions through 'First Loss' allocations and niche strategies. The report provides specific performance percentages for Q4 2016 and YTD 2016 across various investment categories (Fundamental L/S, Quantitative, Other) and notes an expected increase in volatility for Q1 2017 attributed partly to the incoming Trump Presidency.

People (1)

Name Role Context
Donald Trump President (Elect/Incumbent)
Mentioned as 'the Trump Presidency' in the context of expected market volatility and macro events for Q1 2017.

Organizations (3)

Name Type Context
Boothbay
The entity issuing the report, discussing their strategy (Boothbay Fund Management).
Goldman Sachs
Cited in Footnote 4 regarding Prime Services data on hedge fund net exposure.
House Oversight Committee
Implied by the Bates stamp 'HOUSE_OVERSIGHT_026669' at the bottom of the page.

Timeline (2 events)

Q1 2016
Market observation of vicious cascading effects when portfolios were liquidated or re-sized quickly.
Global Markets
Q1 2017
Expected increase in VaR (Value at Risk) due to new manager allocations and market volatility.
N/A

Relationships (1)

Boothbay Information Source/Service Provider Goldman Sachs
Footnote 4 cites Goldman Sachs Prime Services Weekly report.

Key Quotes (3)

"At Boothbay, we generally run with limited net equity market exposure (on average 6-8% historically) and have maintained low correlation to market indices."
Source
HOUSE_OVERSIGHT_026669.jpg
Quote #1
"We expect the Trump Presidency, additional"
Source
HOUSE_OVERSIGHT_026669.jpg
Quote #2
"Within our Multi-Strategy platform, the 'Other' category was the largest contributor for both Q4 and 2016 overall"
Source
HOUSE_OVERSIGHT_026669.jpg
Quote #3

Discussion 0

Sign in to join the discussion

No comments yet

Be the first to share your thoughts on this epstein document