Stega Capital | Stega Global Fund
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Title: STEGA
URL Source: http://www.stegacap.com/
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As anInvestment Office with deep global markets expertise, we’ve earned distinction as early backers of successful hedge funds. Setting us apart, we actively embrace highmarket volatility (σ) to achieve exceptional long-term returns for our principals.
How can we help?
1.For Accredited Investors,we provide aligned access through our co-investment fund, Stega Global.
2.For Family Offices / Institutions, we offer capital introductions to our longest standing GP / hedge fund relationships.
“EXPECT OVER 50% loss IN A SEVERE CRISIS”
— Risk-tolerant behaviour. We experienced up to 80% drawdowns in our hedge fund portfolio.
OUR PORTFOLIO
We monitor the following for our Investment Office portfolio.
Core Allocation
Diversified portfolio of multi-strategy funds such as Millennium, WorldQuant, Point72, Brevan Howard. Founded since 1990, they manage ~US$150 billion of assets across all major asset classes and investment strategies. It offers, possibly the most diversified and consistent multi-period performance in the industry.
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Ann. Return: ~12% since 1990s
Risk: ~5% volatility, 7% max. drawdown in 1998
Portfolio:Millennium, WorldQuant, Point72, Brevan Howard, Eisler, Hudson Bay
Core Allocation
Quantedge Global Fund is a ~US$4 billion systematic fund with global markets, factor & illiquid risk premia exposures. Founded in 2006, its ultra-diversified portfolio consist of ~300 instruments across all major liquid & illiquid asset classes. It offers, possibly the most comprehensive risk-premia portfolio in the industry.
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Ann. Return:~20% since 2006
Risk:25-30% volatility, 45% max. drawdown in 2008
Satellite Allocation
Quantos Global Fund is an emerging systematic fund with global markets & factor risk premia exposures. Founded in 2021 by the ex-CIO of Quantedge, its diversified portfolio invest across all major liquid asset classes. It offers, possibly the highest target volatility in the industry for maximum capital efficiency.
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Return: 47% in 2024
Risk: 50% volatility, 48% max. drawdown in 2023
Satellite Allocation
Bonds:UST Bills (Direct/IBO1 ETF)
Equities:FTSE All-World (VWRA/VT), S&P500 (CSPX/VOO)
Divestment / Exits:
Prulev Global Macro Fund:A global macro systematic fund (40% vol.) with discretionary event-driven tilt. It offers a unique discretionary overlay which outperformed pure systematic strategies with over 40% ann. return from 2012 to 2020 before experiencing ~80% maximum drawdown in 2021/22. Refer to >Prulev Divestment Note
Gusto (US): Series B-2 (2016-22), 21% IRR, 2.48x Money Multiple
GoTo (Indonesia): Series A (2016-23), 3% IRR, 1.25x Money Multiple
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ABOUT US
Our principals, Satoko and Michael, have been investing in hedge fund strategies since the 2000s. Before co-founding Stega as a family-led Investment Office, they held diverse positions at Goldman Sachs, Merrill Lynch, and Japan Gamma Asset Management. Their expertise spans bond trading, compliance, M&A, financial journalism, macroeconomic research, multi-asset class investments, and portfolio management. Beyond finance, they are avid backpackers, divers, skiers, as well as advocates for scholarship preparatory programs.