Long-Only Equity

The Global Optimization Strategy seeks to maximize returns while controlling risk of a portfolio of closed-end funds. There are two advantages to our approach. First, since closed-end funds typically trade at discounts to the value of the underlying securities they hold, we can effectively purchase securities at a discount to the market. The second advantage is one of greater diversification because a portfolio of closed-end funds effectively holds a much broader set of individual securities. Discounts and diversification benefits lead to better returns and lower risk for the product. Portfolio manager, Dr. Tony Tessitore, and his team have extensive experience managing quantitative equity portfolios. This investment strategy was developed by Dr. Tessitore and a team of Ph.D.s led by Dr. Harry Markowitz, Nobel Laureate.

Gramercy's equity team has a 20-year track record and manages two distinct strategies which differ with respect to their benchmarks, measures of risk and constraints.

long-only equity strategIES:

  • Global Equity
  • Emerging Markets Equity