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Equity Optimization Strategy
Investing in closed-end funds trading at a discount to their underlying net asset value (NAV), such discounts are its element of distress.
Gramercy Global Optimization Fund
GGOF is based on a strategy which began in August 1997 (before the investment team brought its proprietary strategy to Gramercy in July 2005) and invests in closed-end funds trading at a discount to their underlying net asset values (NAV). Such discounts are the “element of distress” that Gramercy is seeking to capitalize on. The strategy uses a proprietary equity optimization model developed by Dr. Tony Tessitore and team, and driven by Dr. Harry Markowitz’s Nobel Prize winning portfolio optimization theories. The Model directs optimization by country, region, and security from a universe of closed-end funds, framed by a set of constraints determined by investment guidelines. This optimal portfolio is further adjusted with the input of Dr. Tessitore. No leverage is used. The Global Optimization Fund is designed to outperform a broad global equity benchmark, the MSCI All Country World Index by investing in such controlled portfolios of closed-end funds and ETF’s.

Gramercy Emerging Markets Equity Fund
GEMEF is designed to outperform the MSCI Emerging Markets Equity Index by investing in controlled portfolios of emerging market focused closed-end funds and ETF’s.
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