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Alternative Strategies 

Oppenheimer Capital offers various alternative services that meet different client needs. Our Structured Alpha and Enhanced Index strategies integrate our proprietary index options approach with underlying fixed income, passive equity or active equity portfolios. The strategies are designed to achieve absolute-return, alpha-enhancement and beta-hedging. One of the key benefits of our approach is the consistently low correlation of the alpha source to the underlying portfolio. Downside Capture is designed to provide hedging protection, seeking to deliver negatively correlated returns equal in magnitude to 60% to 90% of a decline in the S&P 500 Index. In up markets, the strategy seeks incremental monthly excess returns. Equity Capture is an extension of Downside Capture and incorporates long equity exposure. Like Downside Capture, Equity Capture seeks to hedge negative equity returns, but it also seeks to participate up to 100% in rising equity markets. Enhanced Equity OTM ("out-of-the-money") is an overlay strategy that seeks to generate a constant excess return stream (1.0% to 1.5% annually, net) on top of any equity or fixed income beta exposure of choice. The strategy is designed to provide alpha enhancement while retaining the ability to avoid performance interference in rising equity markets. Hedged Equity ITM ("in-the-money") is an absolute return strategy that combines long equity exposure with an in-the-money short call overlay. The strategy’s targeted 7% to 9% return potential is designed to come largely from option premium. Like our Structured Alpha and Enhanced Index strategies, Downside Capture, Equity Capture, Enhanced Equity OTM and Hedged Equity ITM use our proprietary index options approach. The Paired Alpha Strategy is a concentrated market neutral equity portfolio, designed to provide absolute returns regardless of market environment. 

 Alternatives Product Profile Portfolio Managers
Structured Alpha

Enhanced Index

Downside Capture

Equity Capture

Enhanced Equity OTM

Hedged Equity ITM

Paired Alpha

© Copyright 2008. Oppenheimer Capital LLC. All rights reserved.
This website is intended to report solely on the investment strategies and opportunities identified by Oppenheimer Capital LLC. Additional information is available upon request. Information herein is believed to be reliable but Oppenheimer Capital does not warrant its completeness or accuracy. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The investments and strategies discussed herein may not be suitable for all investors. The material is not intended to provide, and should not be relied on for, accounting, legal, or tax advice, or investment recommendations. You should consult your tax or legal advisor about the issues discussed herein.