The managers invest in large and mid-size caps in Europe and in North America..
They detect events that may have an strong impact on a specific stock price and on the structure of its capital as for example a merger announcement, results, an exit or entry in a stock index, a subscription rights issue to improve the capital...
Versus this stock, the managers tend to find the best hedge to open long/short positions by using a double analysis approach: a fundamental analysis and a statistical-probabilistic analysis that offers an efficient decision-making tool to optimize the portfolio's allocation.
Laffitte Capital Management
Investment universe
Fundamental & Statistical-Probabilistic Analysis
The Fundamental analysis consists in analysing financial data and ratios of both stocks of the long/short position. Somehow it determines for the arbitrage what is the best "Stock Picking".
Moreover for any type of the Fund's cluster, the managers developed in-house tools for decision-making by using a statistical and/or probabilistic analysis. The main objective of these tools is to determine when is the best time to open or close a position: the "Market Timing". Therefor the last step is to allocate the portfolio.
Moreover for any type of the Fund's cluster, the managers developed in-house tools for decision-making by using a statistical and/or probabilistic analysis. The main objective of these tools is to determine when is the best time to open or close a position: the "Market Timing". Therefor the last step is to allocate the portfolio.
Optimal Portfolio's allocation
The managers' decisions are discretionary. They use the mentioned double analysis to build an optimal and dynamic portfolio with indicators and levels to open and close their positions.
They also respect liquidity and diversification ratios. The risk management is rigorous with VaR (Value at Risk) indicators and/or Stress Tests. Linked to this risk management they use a stop loss system with alert levels and liquidation levels.
They also respect liquidity and diversification ratios. The risk management is rigorous with VaR (Value at Risk) indicators and/or Stress Tests. Linked to this risk management they use a stop loss system with alert levels and liquidation levels.
Avertissement 
contact@laffittecapital.com -- 17 rue du Quatre Septembre,
75002 PARIS -- Tél: +33 (1) 55 04 79 30 -- Fax: +33 (1) 55 04 78 28 -- Agrément AMF GP07000048 - RCS 498 854 876 PARIS
contact@laffittecapital.com -- 17 rue du Quatre Septembre,
75002 PARIS -- Tél: +33 (1) 55 04 79 30 -- Fax: +33 (1) 55 04 78 28 -- Agrément AMF GP07000048 - RCS 498 854 876 PARIS