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Balestra Capital is an investment management firm focused on long term thematic global macro investing.
Investment Philosophy
Balestra believes that fundamental economic, political and social factors are the ultimate determinants of global asset prices and investment returns. Nevertheless, securities markets are consistently subject to boom to bust cycles that operate for extended time periods with little regard for these fundamental factors. Balestra believes that investment capital should be allocated across the broad asset classes in light of these macro factors in a risk limited manner in order to generate investment returns and preserve capital. Balestra believes that these factors can be objectively analyzed and that large and consistent mispricings can be identified. Balestra constructs portfolios that consistently reflect these mispricings in a risk controlled and hedged fashion.
Transparency and Liquidity
Portfolios are invested in liquid instruments across all asset classes, both long and short. We clearly articulate to our investors our world view, our investment themes and how these themes are implemented into portfolios.
Portfolio Risk Controls
Comprehensive risk management practices include portfolio stress testing and diversification. The risk monitoring process includes measuring the porfolio’s expected response to extreme changes in market conditions, including systemic risks.
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