Home

Crescat Capital Quarterly Letter Q1 2018


With the Fed locked into a rate hike and quantitative tightening plan in the face of rising inflationary pressures in the US, the next several months and quarters should prove an excellent time for hedge fund short-selling strategies. Several asset bubbles already began to burst in February this year. Crescat’s hedge funds had strong absolute and relative performance that month. We believe there is much more to play out. Read the letter»

Crescat Capital Quarterly Letter Q2 2018


Our three best macro ideas today are complementary plays on the unwinding of currency and financial asset bubbles at a likely peak of the global capital cycle, the most leveraged in history:

Read the letter»

Crescat CIO Kevin Smith Interviewed on Bloomberg TV


Crescat’s Chief Investment Officer Kevin Smith discusses his outlook on China’s Currency and Credit issues. Watch the Video»


ABOUT CRESCAT

Crescat is a global macro asset management firm. We deploy proprietary value-driven models to develop tactical investment themes. Our mission is to protect and grow wealth by capitalizing on the most compelling macro themes of our time. We aim for high absolute and risk-adjusted returns over the long term with low correlation to benchmarks.

Below is a brief strategy description that differentiates each of our products:

Crescat Global Macro: A diversified, multi-asset class long/short global hedge fund that trades and invests in highly liquid global assets including equities, commodities, currencies, and fixed income securities.

Crescat Long/Short: A diversified global long/short equity hedge fund that trades and invests in highly liquid large- and mid-cap global equities.

Crescat Large Cap: A diversified large-cap, long-only separately managed account (SMA) strategy that trades and invests in predominantly US-listed large cap global equities.


@thrivecap Unlike 2000, when the highest valuation (mostly tech) lost -83% while many groups (e.g. small) lost less because their valuations were reasonable even at the peak, this episode is uniformly overvalued, and worse than 2007. Nowhere to hide if unhedged. Be careful about FANGs too.

Very important breakout on Gold to Oil ratio today.

Previous breakouts corresponded with other markets downturns and proved to be great times to play the ongoing widening of this spread.

Load More...