What is a Martingale?
Stock valuation is a zero-sum game. For every undervalued stock, there must be one that is overvalued. Rather than ignore overvalued stocks, Martingale sees them as another profit opportunity. Martingale has been managing equity market neutral portfolios since 1991, giving us one of the longest, continuous track records in the industry. The valuation process we use to manage long-only portfolios is admirably suited for the management of equity market neutral portfolios. We limit the investment universe to publicly traded, liquid U.S. equities. We expect the performance of a Martingale Equity Market Neutral portfolio to exceed the risk-free rate by 3% - 4% per year over a full market cycle, with an expected tracking error of 4% - 6%. For clients who want equity market exposure, we can easily reinstate it by adding stock index futures to the portfolio.
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Boston, MA 02116
TEL: (617) 424-4700
FAX: (617) 424-4747
