Theta Investments was ranked #9 in the options category
Alpha Wealth Funds reports that two of its three hedge funds were added in the list of the Top Ten performing hedge funds globally in 2019 by BarclayHedge, a leading independent alternative database vendor. The Insiders Fund was named the 4th best performing hedge fund in the category of long-short equity. Theta Investments was positioned 9th best performing fund in the options category.
The Insiders Fund depends upon a common-sense strategy. Harvey Sax, portfolio manager and founder of Alpha Wealth Funds, explained his strategy, “If the very people that were running the company weren’t willing to buy their own stock at or near costs the general public could buy it at, why should I? I wish more people would pay heed to what management is doing with their own money. Too many companies today use their stock as their own personal piggy bank, awarding themselves stock options and then announcing giant buybacks that they sell their stock into.”
Sax said, Insider purchasing is just a first screen. Further analysis is done to understand what management saw on the merits of purchasing their own stock. Analyst reports, cash flow, 10 Ks’ and Qs’, industry trends, technical analysis, market sentiment, catalysts that could move the stock, and more are all considered in the investment decision. fintech news
Sax believes that huge outperformance, or alpha, is most likely found in rising hedge fund managers. There are at least 14,000 emerging hedge fund managers out there, most of them nobody has ever heard of, yet nonetheless, many smart, honest investment managers battling each day to make good on the money of their investor and prove their value to themselves and their partners.
Sax said “Amazingly enough. Last year, Alpha Wealth Funds had two of those top performers. For years, Theta Investments, managed by Russell Kellites, has had one of the best track records in its peer group. Alpha Wealth’s third and newest fund, The Volatility Advantage fund, started in the 4th quarter of 2018, did not report for the full year as management wanted it to the season before reporting. In hindsight, that was a really dumb idea; It was up over 71% and would have been the #1 performing long-short hedge fund in Barclay Hedge’s database in 2019.”
