Last Atlantis Press Releases & News

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December 30, 2008

Last Atlantis’ Trend Following Diversified Share Class G-2 takes advantage of major commodity and financial market trends in 2008

ST. THOMAS , USVI – Last Atlantis Capital Management, LLC ( St. Thomas, USVI) has introduced LACM Trend Following Diversified Share Class G-2 for onshore investors and LACM Trend Following Diversified Segregated Portfolio G-2 for offshore investors that takes advantage of bull markets and bear markets in the global commodity and financial markets. In 2008, it managed to show positive performance during the bear market in global equities. Please see the LACM Share Class G-2 performance sheet for more details.

December 30. 2008

Last Atlantis' Managing Director of Research and Trading, Stig Ostgaard, has written an article titled On The Nature and Origins of Trend Following

ST. THOMAS , USVI –Trend following is and has been a popular stragegy for trading equity, bond, currency, and commodity markets. LACM's Stig Ostgaard has researched and written an article on the history of trend following as a trading philosophy, going back to its origins. Please click on the link below to read the complete article.

On the Nature of Trend Following

December 21, 2007

Last Atlantis’ new Long/Short Equity Share Class W seeks low-volatility returns through multi-basket, multi-timeframe diversification

ST. THOMAS, USVI – Last Atlantis Capital Management, LLC (St. Thomas, USVI) has introduced LACM Long/Short Equity Share Class W, a 130/30 strategy that incorporates proprietary models to trade baskets of equities diversified over a range of industries and timeframes. The strategy’s objective is to diversify equity exposure and trading cycles to yield consistent, lower volatility returns over various market conditions.

Assets allocated to long positions within LACM Long/Short Equity are equally distributed among the baskets and stocks in each basket. Short positions represent 30% of the portfolio’s overall value with funds from the short sales equally allocated to long positions to maintain diversification.

“This 130/30 program uses the same modeling characteristics as our Long Equity Share Class V,” states Last Atlantis managing partner Irwin Berger. “The objective is to diversify equity positions over multiple timeframes and equity baskets to minimize volatility impact and deliver consistent performance over the long term.”

The manager’s proprietary models are designed to adapt to market conditions as they change. The models have a low correlation to each other, and each uses a bottom-up approach that seeks to identify stocks which may make a move within 4 to 8 weeks. The models benefit from 75-85% fundamental analysis and 15-25% technical analysis, and are informed by growth and value considerations.

The manager generally does not hold more than 3 stocks in the same industry, and long positions are typically held a minimum of 4 weeks with 8 weeks being average; short positions are generally held 2 to 3 weeks on average. The manager does not screen for market capitalization, but does set minimum liquidity and share price standards.

September 26, 2007

Last Atlantis inks deal with former currency trader at Tudor to launch new share class within Last Atlantis Partners fund

ST. THOMAS, USVI – Last Atlantis Capital Management, LLC (St. Thomas, USVI) and Jerry Considine, former currency trader at Tudor Investment, have partnered to introduce LACM Foreign Exchange, Share Class W within the Last Atlantis Partners Fund. The share class will be traded by Mr. Considine and seeks to capitalize on near-term opportunities in the global currency futures and foreign exchange markets.

The short-term, largely discretionary methodology developed and employed by Mr. Considine has produced consistently non-correlated returns since inception. It combines fundamental and technical market analysis, sentiment evaluation, crowd psychology assessment, and money management to create a uniquely risk-averse investment strategy.

“Jerry has established an exceptional track record and reputation over the course of his career including stellar turns at Tudor and his own trading firm,” said Irwin Berger, managing partner of Last Atlantis. “His currency program adds another quality alternative to our Last Atlantis Partners platform.”

With the launch of this new offering, Mr. Considine continues his nearly 30-year career trading the currency markets. Following stints at Citibank and Drexel Burnham Lambert, Mr. Considine’s abilities caught the eye of Paul Tudor Jones, who hired Jerry in 1990 to trade for his entities. After three years at Tudor, Mr. Considine had achieved a highly regarded track record and reputation. He left the firm to establish Considine Trading Corporation in 1995. Trading institutional and proprietary funds, he delivered consistently profitable results through the lifetime of CTC. After a year hiatus from the industry, Mr. Considine returned to trading in April 2004.

August 9, 2007

Last Atlantis’ new Long Equity Share Class V uses proprietary quantitative modeling to deliver multi-basket, multi-timeframe diversification

ST. THOMAS, USVI – Last Atlantis Capital Management, LLC ( St. Thomas, USVI) has introduced LACM Long Equity, Share Class V within the Last Atlantis Partners Fund. The manager uses a synthesis of six quantitative models to trade twenty baskets of equities within a number of industries over variable timeframes. Assets are allocated equally among the baskets and among stocks in each basket to diversify equity exposure and trading cycles to yield consistent, low volatility returns over changing market conditions.

Each quantitative model incorporates adaptive parameters that are responsive to changing market variables. The models have a relatively low correlation to each other, and each incorporates a bottom-up approach that seeks to identify stocks which may make a move within four to eight weeks. The models benefit from 75-85% fundamental analysis and 15-25% technical analysis, and are informed by a combination of both growth and value considerations.

"Markets and sectors demonstrate multi-layered flows which can produce significant yield variances," states Last Atlantis managing partner Irwin Berger. "For our new Long Equity program, we’ve incorporated a series of proprietary models to create a unique diversification approach to marginalize yield variance volatility and deliver consistent performance over the long term."

Long Equity does not hold more than three stocks in the same industry in each basket, and positions are typically held a minimum of four weeks with eight weeks being average. The manager does not screen for market capitalization, but does set minimum liquidity and minimum share price standards.