Disregarding Home Bias: How Annapurna Capital looks away from the US and towards middle countries to generate alpha
Annapurna CIO Marshall Brandt talks strategy, reforming markets, and the future in a volatile market In no more than 50 words, please describe your firm's flagship investment strategy and what differentiates it in today's market environment. The strategy is driven by political and policy regime change and is truly global. Most trend or momentum strategies struggle in response to regime changes.…
Annapurna Capital's flagship investment strategy is driven by political and policy regime changes, allowing the firm to generate alpha and have a negative correlation to the SPX. Three attributes that have resonated with investors are low volatility, high Sharpe ratio, and historically low margin to equity (~6%), enabling investors to choose their preferred leverage via SMAs.
The firm is positioning itself to capitalize on anticipated market conditions, as it has no home country bias and actively monitors macroeconomic trends and geopolitical factors that could influence its investment approach. Annapurna Capital is particularly proud of their investment decision in Korea, where they observed market reforms that they believe will make the country the best-performing index starting in 2025.
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