We established Defender Fund bringing to the table our combined experience in US equity and derivative markets. We create value for investors by identifying opportunities that layer strong fundamentals with meaningful volatility to create consistent returns. By being constant sellers of volatility, we harness the high volatility that exists in individual names to play defense with an aggressive player.
In a market governed by low interest rates and high volumes generated by algo trading, our philosophy is that volatility is the new interest rate. Our goal is to achieve consistent positive yield while at the same time providing downside protection. We aim to generate returns via selling volatility, without relying on upside in the underlying equities.
We look for companies with strong fundamentals and significant volatility in order to generate consistent returns, together with downside protection. Our methodology is disciplined, and includes fundamental analysis, option analysis, diversification, and ongoing monitoring of existing holdings and new opportunities across fundamental and option parameters. By actively managing a long equity/short protective call portfolio we effectively manage risk/reward. Our aim is to achieve positive returns in most market conditions.
Michael has 25+ years of experience in the capital markets, in the US as well as in Israel.
Past positions include Private Wealth Management Advisor at Morgan Stanley (Chicago), Late stage Private Equity Investment Executive at Advanced Equities (Chicago), Private Banker at Leumi Bank (Chicago), CEO of Harel Financial Markets (Tel Aviv), CEO Edmond de Rothschild Investment Services Mutual Funds (Tel Aviv), CEO Koor Mutual Funds (Tel Aviv). Served in Israel Prime Minister’s Office. I.D.F. Combat Helicopter Pilot. Michael holds a BA in Economics and Political Science from Bar Ilan University.
Irit has 20+ years of experience in the financial markets as a sell side analyst as well as in investor relations.
Past positions include Director of Investor Relations at DSP Group, Senior Analyst head of the Israeli desk covering Hi-Tech companies at Susquehanna, Small/Midcap equity analyst at Next Generation Equity Research (Chicago), Equity Analyst at Oppenheimer (Tel Aviv) and FOREX trader at Bank Hapoalim. Irit holds an MBA from Tel Aviv University Recanati School of Business, and a BA in Economics and French from the University of Michigan in Ann Arbor.