Hedge Funds
303 Capital Funds
Sub-advised, Single- and Multi-Strategy Portfolios
303 Capital Partners can originate, structure, and manage sub-advised investment vehicles. We have acted as a General Partner and as a CPO (Commodity Pool Operator) for numerous funds in our ten year history, and continue to use our experience and infrastructure to help early stage managers set up their first fund and/or to provide access to external sources of capital. These vehicles are often thematic and may be single- or multi-strategy.
National Trading II is our energy fund that is currently closed to new investment. It employs relative value trading strategies: basis spreads, directional basis, and basis arbitrage, as well as limited short-term outright positions in NYMEX natrual gas and crude oil futures.
Our regulators place strict guidelines on the dissemination of performance and materials considered to be solicitations in nature. For this reason, we require that anyone wishing to receive additional information about Three Zero Three Capital Partners, its affiliates, or its investment offerings, to complete the eligibility form below.
Aegea Capital
Volatility Arbitrage Strategy
Volatility Arbitrage strategy focused on exploiting the structural mispricing in volatility and skew in S&P 500 options. With a combined 25 years of options market making experience, PMs Cem Karsan and Matt Andrews have developed an algorithmic approach that produces very consistent returns with high alpha. In addition, the strategy has a negative beta to equities, making it an excellent candidate to complement a portfolio with significant stock exposure.
Aegea Capital Management, LLC (“Aegea Capital”) was founded in April 2011 by Cem Karsan and Matthew Andrews, both experienced volatility traders and Kellogg Business School graduates.
Combined, the founding partners have over 26 years of exchange trading experience on the CBOE, CBOT, and CME – both with large, respected institutions, as well as their own successful proprietary trading firms. Mr. Karsan’s proprietary trading firm accounted for as much as 13-percent of SPX volume during the financial crises from 2007 to 2010, whereas Mr. Andrews was the original Designated Primary Market Maker for such high-flying equity options as Google, CME Group, and NYMEX.
After successful trading careers, the founding partners decided to leverage their volatility arbitrage expertise by improving upon many of the flawed strategies they had witnessed during their tenure as market makers. To that end, Aegea Capital has created a non-correlated and scalable investment vehicle that takes advantage of the structural mispricing inherent in option indices worldwide, while offering the superior transparency and liquidity that today’s investors demand.
Our regulators place strict guidelines on the dissemination of performance and materials considered to be solicitations in nature. For this reason, we require that anyone wishing to receive additional information complete the eligibility form below.
GrizzlyRock Capital
Fundamental Long/Short Strategy (Credit and Equity)
GrizzlyRock seeks to invest in mispriced corporate securities via a rigorous fundamental analysis. They provide investors exemplary risk-adjusted returns via long/short corporate credit and equity securities by identifying informational, analytical, or behavioral edges before committing capital. They demand a substantial mispricing opportunity to warrant investment, therefore only execute upon a handful of ‘great’ ideas rather than volumes of ‘good’ ideas. The result is a focused portfolio with low correlation to corporate risk markets. .
GrizzlyRock aims for strong risk-adjusted results over intermediate and long-term horizons, regardless of general market movements. Investment management is risk management. Investors must take deliberate, understood risk to ensure successful long-term investment performance without exposing portfolios to excess risk. The focus at GrizzlyRock is on reducing the probability of permanent capital impairment.
Kyle Mowery founded the firm in 2012 and is responsible for the firm’s portfolio management activities. Kyle has over nine years of investment management experience, beginning his career at PAAMCO as an analyst. He has invested in media and telecom companies while at McDonnell Asset Management and worked in BMO Capital Markets’ middle market leveraged finance team, where he was responsible for investing bank capital with private companies across various industries such as consumer goods, healthcare, industrial, and business services.
If you think about a grizzly, you’ll realize it’s one of the rare predators on our planet. It has no natural enemies. And as it feeds on salmon, the grizzly will select an optimal point in the river. The best spots are coveted and fiercely guarded, so they can patiently wait to feast on the salmon as they jump by. This place, hidden just below the surface, is the sturdy foundation on which to capture opportunity. This place is called the GrizzlyRock.
Our regulators place strict guidelines on the dissemination of performance and materials considered to be solicitations in nature. For this reason, we require that anyone wishing to receive additional information complete the eligibility form below.
