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Coral Gables Asset Management

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Coral Gables Asset Management Launches New Long-Short Hedge Fund

Fund introduces quantitative strategies based on geographical information dispersion and industry-level political sensitivity.

Miami, FL, March 23, 2015 --( Coral Gables Asset Management has launched a new hedge fund, which employs a long-short trading strategy and seeks to exploit short-term and medium-term trading opportunities in the U.S. equities market. Dr. Alok Kumar, Coral Gables Asset Management Chief Investment Officer, Gabelli Asset Management professor at University of Miami and leading researcher in behavioral finance, says: “We have a strong academic research background and have decided to go out on our own with cutting-edge proprietary quantitative investment models. We believe our models capture superior returns by systematically identifying cross-sectional investment opportunities that are often slowly aggregated by market participants.”

The fund utilizes quantitative strategies based on geographical information dispersion and industry-level political sensitivity to generate “alpha” (risk-adjusted returns) for investors. The product is designed for high net worth individuals and families, sophisticated investors, pension and profit-sharing plans, charitable institutions, and foundations and endowments seeking strategies that include: quantitative strategies, fundamental equity strategies, relative value strategies, systemic trading and mixed arbitrage trading.

To spearhead this new strategy, Coral Gables Asset Management has appointed Dr. Jawad M. Addoum as portfolio manager. In his role, Dr. Addoum will be responsible for overseeing the new fund and will also work closely with Dr. Alok Kumar and Coral Gables Asset Management Chief Operating Officer, David Coggins, to develop additional quantitative strategies.

“The current market is slow in incorporating new information into stock prices, which generates predictable patterns in returns,” says Dr. Kumar. “With our research and tools, we are able to identify those predictable patterns, as well as shield investors from systematic sources of risk, using information techniques that are unique to the industry,” he said.
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Coral Gables Asset Management
Dana Herndon

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