Specialist in Global Macro and Volatility Fund
Specialist in Global Macro and Volatility Fund
Putamen Capital is an emerging private hedge fund founded in 2018 with a strong quantitative and qualitative approach in decision making.
What We Do
We manage private capital of our partners, friends and family. Currently we are in the process of building track-record prior to offering our funds for institutional investors.
Researcher at heart, at Putamen Capital we continuously seek for macro investment opportunities in every cycle. Find more of our ideas on the Research and Investment Management section
We develop robust quantitative models to screen for investment opportunities and is the backbone of our Quant fund. Learn more at the Quantitative Model section.
Research Highlight
- Lessons from Past Equity Market Responses During Periods of High Inflation
- Market Timing Strategies in Emerging Markets Portfolio
- Russia: How’s the Troubled Kid Doing?
- Emerging Markets in the Next Decade
- Visegrad Countries: Bright Spot Amid Slowing European Growth
- In-Depth Analysis of EM Equities Performance, Valuation and Sector Comparison
- A look at Emerging Market Financials
- Peak COVID-19, Counting the Cost of the Lockdown, and Equity Screaming Buy!
- Emerging Market Equities: Betting on the Underdog
Putamen Capital in Numbers
56.7%
return since inception (October 2018 -Feb 2021)
6
quantitative models
80+
original investment ideas
100%
dedication from our managers
We understand that finding a good investment manager is hard. We strive to deliver excellent investment performance and quality service for our clients worldwide.
- Ethical
- At Putamen Capital, we are adherent to the highest ethical standards, guided by the principles of CFA Institute Code of Ethics and Standards of Professional Conduct
- Experienced
- Our decision makers have a variety of financial-industry background, ranging from top down global macro to bottom-up equity analysis.
- Highly Qualified
- Our research team members have undergone a rigorous training from top business schools and holds various prestigious certification such as CFA®, FRM® and CAIA® charter.
Our Recent Research and Investment Ideas
- China: Implications from Real Estate Crackdown and Growth OutlookDownload PDF: The news related to Evergrande default last month has reignite investors attention to the country real estate sector, which is a major driver of Chinese growth and strongly intertwined to the country’s banking sector. Moreover, property accounts forContinue reading “China: Implications from Real Estate Crackdown and Growth Outlook”
- Positive on Russia, Neutral on MexicoDownload PDF: Remains Overweight Russia Russia and other oil-exporting countries historically perform poorly during a global slowdown, but tighter discipline among OPEC+ and shale producers since last year has bolstered oil prices to above $80/bbl, which creates a positive spinContinue reading “Positive on Russia, Neutral on Mexico”
- Negative Outlook: Chile, Peru and BrazilDownload PDF: Downgrade Chile and Peru to Underweight Our recommendation to trim exposure to Chile and Peru is driven by three things: downside risk in copper price, rising political risk, and aggressive tightening by both countries’ central bank. Slowdown inContinue reading “Negative Outlook: Chile, Peru and Brazil”
- EM Equity Strategy in an Economic DownturnDownload PDF: The global economic boom unfolding in the past year is showing signs of moderation, with data from China – the first country to suffer and come out of the pandemic – currently signaling a contraction in manufacturing activities.Continue reading “EM Equity Strategy in an Economic Downturn”
- Chinese and Asian High Yield Corporate Bonds: Feeling the HeatThe jitter surrounding Evergrande’s solvency problem has spread to other Chinese property developers that account for sizeable portion of Chinese and Asian High Yield Corporate index. Chart 1 and 2 show spreads of Chinese and Asian USD bonds have widenedContinue reading “Chinese and Asian High Yield Corporate Bonds: Feeling the Heat”
- USDBRL – Better Entry Point AheadWe are currently cautious on the BRL. Although valuation is cheap, deceleration in global growth and rising downside risk for global equities and commodities mean there will be a better entry point to short USD/BRL. Shorting EUR/BRL is a moreContinue reading “USDBRL – Better Entry Point Ahead”
- Central and Eastern European Countries: Rising Rates Will Lift All BoatsDownload PDF: Central banks in Czech and Hungary have begun to raise their policy rate this year amid acceleration in inflation as their domestic recovery unfolds, creating a tailwind for the koruna and forint against the Euro, which will notContinue reading “Central and Eastern European Countries: Rising Rates Will Lift All Boats”
- Chinese Slowdown, Policy Easing, and the DollarDownload PDF: Chinese manufacturing and services PMI print for August shows growth continued to shift lower amid tight credit and fiscal condition, although it is probably worsened by the mini-outbreak and restrictions last month that distort the number to theContinue reading “Chinese Slowdown, Policy Easing, and the Dollar”
- South Africa: The Not So Good, The Bad, and The UglyDownload PDF: Last November we discussed the cyclically bullish but bleaker longer-term outlook for South African assets, in which the former has played out nicely until the end of second quarter this year. Our long position on South African bondContinue reading “South Africa: The Not So Good, The Bad, and The Ugly”
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The information, recommendations, analysis and research materials presented in this website are provided for information purposes only and should not be considered or used as an offer or solicitation to sell or buy financial securities or other financial instruments or products, nor to constitute any advice or recommendation with respect to such securities, financial instruments or products. The text, images and other materials contained or displayed on any Putamen Capital products, services, reports, emails or website are proprietary to Putamen Capital and should not be circulated without the expressed authorization of Putamen Capital. Any use of graphs, text or other material from this report by the recipient must acknowledge Putamen Capital as the source and requires advance authorization. Putamen Capital relies on a variety of data providers for economic and financial market information. The data used, or referred to, in this report are judged to be reliable, but Putamen Capital cannot be held responsible for the accuracy of data used herein.
