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INVESTING IN HIGH PROBABILITY OUTCOMES FOR NEARLY 40 YEARS.

 

Focus. Integrity. Results.

 

Since the 1970s, we have been immersed in just one endeavor: trading options. 

 
 
 

In that time, we have been knocked around by every cycle and trading condition conceivable.  

We were there for the oil embargo, the Reagan induced bull market and subsequent crash, the internet bubble, the September 11th tragedy and of course, the Great Recession.

Hard to say that anyone has "seen it all" but we certainly come close. With this experience, we have developed an enduring strategy that has withstood the test of time. And through it all, our performance and actions have earned the deep trust and respect of our clients.  

 


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The knowledge we have gained from our experience is unmatched. And in that time, clients have come to trust our:

 

1. Focus

Success comes from sticking with a process that works over the long haul. We are steadfast in the implementation of our strategy.

2. Integrity

Our clients know their needs always come before our own.

3. Results

The best way to make money is to select a manager with the proven ability to perform in a variety of market conditions and over multiple cycles.

 
 

 

We employ a laser focused, niche approach. rigidly managing risk around a series of liquid, high probability investments.  

Our portfolio primarily consists of short put options on the S&P500 that we view as significantly over-priced relative to our fair market value assessment.  The positions are actively hedged in order to improve our chances of delivering a profit, irrespective of market conditions.

The result, a 21-year uninterrupted performance record.

 

 
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We believe in providing significant account flexibility to meet a variety of client needs:

Therefore, we:

  • Require a low minimum investment
  • Offer monthly liquidity and have never erected barriers to exit
  • Provide the choice of separately managed accounts or a commingled vehicle 
  • Offer one strategy with three different levels of volatility based on individual risk tolerance 

Our Program

Elizaville

Our core program, which strives for moderate volatility while maximizing returns through a market neutral hedged trading strategy.
 

PERFORMANCE


Performance & Risk Statistics
Cumulative Return

Total Return Since Inception

608.12%

Annualized ROR

10.37%

Monthly Standard Deviation

5.83%

Average Monthly ROR

1.01%

Sharpe Ratio

0.76 (3 years)

0.40 (cumulative)

Correlation to S&P 

0.27

Max Drawdown

41.89% (2008)

*Click to enlarge


2017 Performance

Jan
1.38%

Feb
2.60%

Mar
3.12%

Apr
4.16%

May
4.29%

June

1.50%

July

3.79%

August

-0.10%

September

2.42%

October

3.30%

November

2.55%

YTD: 32.96%

2016 Performance

Jan

-8.02%

Feb

-5.88%

Mar

7.18%

Apr

3.18%

May

3.68%

  Jun

-2.13%

Jul

7.75%

Aug

1.96%

Sep

-2.40%

Oct

-3.83%

Nov

-8.56%

Dec

0.97%

YTD: -7.51%

2015 Performance

Jan

0.75%

Feb

9.16%

Mar

2.33%

Apr

3.97%

May

3.58%

Jun

-1.06%

Jul

3.59%

Aug

-12.75%

Sep

2.00%

Oct

7.61%

Nov

0.93%

Dec

-14.04%

YTD : 3.23%

** Click to view   


*Past results are not necessarily indicative of future results

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Max G. Ansbacher

President

Max founded the firm in 1996 after 20 years with Bear Stearns, where he managed option accounts on a discretionary basis. He has often been quoted in the media, including The Wall Street Journal, and has been a frequent guest commentator on the Bloomberg Television Network, as well as the Fox News Channel and CNBC. 

He is the author of three books on investing, including The New Options Market, Fourth Edition, which was the first book published in America on exchange-traded options, and has become one of the all-time best-selling books on the subject. He was featured in Forbes magazine, October 18, 2004.  Mr. Ansbacher is a graduate of the University of Vermont and Yale Law School.  He serves on the boards of The Bridge Fund of New York City and The University of Vermont Foundation where he is the Chairman of the Audit Committee.


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CONTACT US

(212) 308-2929

135 E. 57TH STREET, FL.15-108
New York, NY 10022