iconWhat We Do

High conviction, liquid global macro investments for absolute or relative return investors

  • Investors with global market research and trading experience
  • Cofounders working together to build Cabezon since 2006
  • Family office and trust investment advisory expertise
  • Absolute return multi-asset strategies
  • Actively managed portfolios seeking index outperformance
  • Complimentary cash management and yield enhancement
  • High conviction and liquid investments
  • Managed accounts
  • Fee terms aligned with investor interests

iconWho We Are

Co-founders together since inception, building team to 10 professionals with complementary background and skills

Mike Cagney — Chief Investment Officer

  • 20 years of experience in investment management, including last eight years as Cabezon’s co-founder
  • Co-founded three financial businesses as well as Wells Fargo financial products-derivatives trading
  • Stanford University Sloan Master of Science in Management; University of California-Santa Cruz BA in Economics

Kenneth Chan — CFO and Compliance Officer

  • 17 years of accounting/tax experience
  • IRS, CCH Computax (Wolters Kluwer) tax accountant
  • Golden Gate University JD and MS in Taxation
  • University of San Francisco MBA; University of California Berkeley BA in Economics

Focusing on organic growth and family office advisory expertise

Driven by transparency, operational efficiency, fair compensation

Why Cabezon

Improving Portfolio Alpha, Liquidity and Diversity

Seek to beat benchmark with an actively managed index portfolio

Seek to generate alpha from long or short investments

Seek to earn significant absolute return from concentrated futures investments

Seek to earn additional return from large cash holding via money market instruments

Qualitative global macro research process

Liquid and performance-based managed accounts

Opportunities We See

  • US economic recovery beginning to gain traction, while monetary policy still at extreme levels of easing
  • Moderate output growth, coupled with no wage growth & low inflation, leaving policy makers and market uncertain of next steps
  • ECB, the most recent central bank to begin easing, has illustrated its desire for higher inflation, which will impact the euro directly
  • Rising stock prices, nascent economic recovery & current account surplus defying euro skeptics so far
  • Bank of Japan Governor Kuroda believes in export-led growth and will do all it takes to weaken the Yen, continuing quantitative easing
  • Market trading more with news about additional stimulus than with fundamentals

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