Acquisition International - Hedge Fund Awards 2017 61 The Castlewood Select Funds, LLC Best Multi-Strategy Approach 2017 - North America & Best Macro Options Strategies Fund (1 Year): Castlewood Select Opportunity Fund, LP The Castlewood Select Funds, LLC Company: Castlewood Select Funds, LLC Name: Mark Wittenstein Title: Managing Partner Email:
[email protected] Web: www.castlewoodfunds.com Address: 20 Nassau St, Suite 124, Princeton, NJ. 08542, USA Phone: 1-215-284-7007 HF170027 Castlewood Select Funds, LLC is dedicated to systematically building and preserving capital for private clients. We invited Managing Partner Mark Wittenstein to talk us through the firm and its innovative investment strategy. Headquartered in Princeton NJ, Castlewood launched its first offering, The Castlewood Select Opportunity Fund, in October 2014. The fund is a macro, multi-strategy portfolio focussing primarily on the US domestic equity market, as Mark explains. “With an aim to generated absolute returns for investors, regardless of market conditions, the Castlewood Select Opportunity Fund utilizes a proprietary option strategy to both deliver returns and manage portfolio risk. As an emerging fund, Castlewood works with advisors to customize its offering to suit the needs of clients.” “The fund is able to offer better liquidity than many alternative investments that have traditional lock-up requirements. Additionally, Castlewood can provide an offer of exclusivity for advisors, which can help them differentiate their practice in a crowded marketplace.” This is particularly vital as Castlewood is dedicated to developing relationships with family offices and registered investment advisors to serve the unique needs of ultra-high net worth investors. Clients value Castlewood’s ability to systematically provide returns while simultaneously protecting their wealth, Mark emphasises. “As a completely independent and employee owned organization, we are able to make certain to implement the highest quality investment and client experience with no restrictions. Ultimately the firm is dedicated to providing the best practices in the alternative asset management business.” Overall, what sets Castlewood apart is its focus and client centered approach, as Mark concludes. “Fundamentally, Castlewood’s absolute return focus sets the Fund apart from its competitors. Our multi-strategy approach allows Castlewood to tactically position the fund to take advantage of shifting market conditions. By comparison, investment funds with a fixed strategy – long only funds, commodity funds, currency funds, bond funds, etc. – only achieve success for their clients if market conditions are favourable to their strategy. In addition, risk management has always been the uppermost focus in our work, and as such we put an extensive effort into tools to manage risk leading to meaningful impact on our risk adjusted returns. This will remain our ongoing focus as we look towards 2017 and beyond.” Third Friday Total Return Fund Best US Option Strategies Hedge Fund (Since Inception): Third Friday Total Return Fund Third Friday Total Return Fund Company: Third Friday Management, LLC Name: Michael E. Lewitt Email:
[email protected] Web: www.thirdfriday.com Address: 515 N. Flagler Drive, Suite 300, West Palm Beach, FL 33401 Third Friday HF170004 The Third Friday Total Return Fund, L.P. utilizes a proprietary rules-based options strategy to generate attractive risk-adjusted returns in all market environments. We invited Fund Manager Michael Lewitt to tell us more. The Third Friday Total Return Fund focuses on preservation of capital and insuring that positions are properly hedged. Michael outlines the firm’s strategy in more detail, explaining how it ensures secure, measurable and reliable returns. “Here at the Third Friday Total Return Fund we do not take a market view, and as such our returns are not dependent on market direction; we are a genuine market neutral hedge fund. The Fund does not employ leverage. Our strategy is highly scalable since we invest in extremely liquid instruments (S&P 500 Index options). Collateral is invested in a diversified portfolio of income-generating securities. Current partners consist primarily of high net worth individuals, family offices and insurance companies, with funds available for both US and non-US investors.” Moving forward, the fund will remain focused on providing the very best returns possible, as it seeks to provide investors with the opportunity to invest in a product which is truly independent of market direction.