The CommonWealth Opportunity Capital Team

Monday, February 6th, 2012

CommonWealth Opportunity Capital, co-founded by Reagan Silber, is an investment management firm based in the United States.  Their team consists of highly-skilled and creative business people such as the Chief Investment Officer Adam Fisher, Managing Director Csaba Konkoly, Portfolio Manager Ian Epstein and others.

Csaba Konkoly, a Managing Director of CommonWealth Opportunity Capital, is also a member of the CWOC Investment Committee.  He is a seasoned investment professional with years of experience in trading, analysis and portfolio management, among other skills.  In January of 2005, Mr. Konkoly co-founded GATKO Partners LLP, a global equity long/short hedge fund in London and Singapore.

Tags: co-founder Reagan Silber, CommonWealth Opportunity Capital, President Reagan Silber, Reagan Silber
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Reagan Silber: CommonWealth Opportunity Capital & Brazil

Friday, February 3rd, 2012

In a recent article about Brazilian interest rates, Adam Fisher of CommonWealth Opportunity Capital explains that, “We believe in the fundamental Brazil story, but even if we are wrong our “risk” has been very much hedged out.”

CommonWealth Opportunity Capital, where Reagan Silber is the President, explains that, “If the currency does nothing or appreciates the annualized yield is 7.35%. We can only lose if the currency drops by more than 16% AND the historical FX/CDS correlation breaks down. We employ eight times leverage in the structure.”

Tags: CommonWealth Opportunity Capital, President Reagan Silber, Reagan Silber, Reagan Silber investing
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CWOC with Reagan Silber: July Newsletter News

Tuesday, January 31st, 2012

In their July newsletter, CommonWealth Opportunity Capital, where Reagan Silber is the co-founder and President, sets out to explain why deflation is a much bigger risk than inflation. They explain that they received a great deal of feedback from readers when they posited this idea in their January newsletter.

In their current newsletter, they set out to explain some of the “overwhelming immovable macroeconomic forces” that have brought the country to its current state.  They outline many factors including:

They discuss the idea that much of the debt for the last 10 years had to do with consumption, and that healthcare grew quite a bit in the 2000’s.

They go on to explain that, “For a multitude of political, cultural, and economic reasons, overspending by the government as opposed to the private sector is reviled (particularly in the US). This revulsion will lead to public policy inconsistency that will likely exacerbate the confidence gap in the private sector.”

Tags: co-founder Reagan Silber, President Reagan Silber, Reagan Silber, Reagan Silber news
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Profiting from Deflation/Disinflation According to CWOC

Saturday, January 28th, 2012

In a recent newsletter put out by the CommonWealth Opportunity Capital, suggestions on how to make profits from deflation/disinflation were put forward:
“1. As rates will remain absurdly low for the foreseeable future, high quality carry/roll down strategies will outperform. We have been doing this for some time and see it as the gift that keeps on giving. Our risk management focuses on credit risk (if any), currency risk (where appropriate) and duration mismatches that may result in undesired (but transient) mark to market volatility. To mitigate volatility, durations will be kept short and where this is not possible, position sizing will be small. We believe we have some novel assets in this category and are happy to discuss them with our investors.
2. We continue to maintain tail risk insurance because the political class will continue to drive volatility. We find it optimal to offset roll down strategies through tail risk insurance, as anything is possible especially in these uncharted waters.
3. Relative value non-directional opportunities. Although some of the (dare we say easier) bullish secular trends are broken, it may be that they weren’t as secular as they were levered. In any event, we do see larger complex/index level relative value opportunity. For example, Japanese banks vs the Nikkei or large cap vs. small cap equities in the US. These opportunities are getting larger risk allocations in the portfolio, and we expect to continue to see opportunities in this space. As always, we are happy to share our work on these opportunities with our investors.
4. Special situations. Strange times will lead to strange opportunities borne of market dislocations. We will not always get these correct (we hope to be right over 50%). This year we were wrong far more than we were right in this space, and it has hampered our performance.”
Reagan Silber is a co-founder of the CWOC.

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Investment Opportunities as Explained by Adam Fisher

Thursday, January 26th, 2012

In a recent interview with Barron, Adam Fisher, Co-founder of CommonWealth Opportunity Capital with Reagan Silber, explains some of his company’s investment strategies.  CommonWealth Opportunity Capital is a Los Angeles based hedge fund.

Asked about his overall investment themes, Adam Fisher explained that he sees three main “buckets” of world-wide investment locations.  As he explained, “One holds Japan and Europe, where the debt problems can overwhelm any good things that can happen…The next bucket holds the guys with debt problems, but improving circumstances: the U.K. and the U.S…The third bucket holds the emerging markets. The fact that the developed markets are doing so badly helps them, because money is flowing their way very aggressively, and they don’t have the debt or stock problems I refer to.”

Tags: co-founder Reagan Silber, CommonWealth Opportunity Capital, Reagan Silber, Reagan Silber investing
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Explaining Market Economies: Reagan Silber & CWOC

Monday, January 23rd, 2012

In response to recent feedback, CommonWealth Opportunity Capital, with co-founder and president Reagan Silber, explained why they believe that market economies are the most efficient way to allocate resources.

They explain that, “Since Adam Smith recognized the value of a free market, the per capita income and productivity of those countries that adopted this form of economic structure have moved exponentially higher. Prior to this period in history, very few countries saw substantial per capita income growth for large swathes of their population.”

CWOC continues by explaining their point with the housing market.  They illustrate how the US policy makers went overboard in assuming that home ownership for all was an unabashed good for the country.  They explain that this system was a sort of ponzi scheme that simply enabled more to share in the scheme and that it was nothing more than “vote buying.”

As they explain, “Many areas of the economy (e.g. healthcare, transportation, capital banking) have become distorted by policy intrusions that are so obvious that stakeholders have little clue as to what assets are worth.”

Tags: co-founder Reagan Silber, CWOC, President Reagan Silber, Reagan Silber
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Adam Fisher of CommonWealth Opportunity Capital

Tuesday, January 17th, 2012

Reagan Silber is president and co-founder of CommonWealth Opportunity Capital, an investment management firm based in California. The staff is a group of creative, talented businessmen.

Adam Fisher is also a co-founder of CWOC, as well as the Chief Investment Officer. He has vast amounts of knowledge in the field, and has managed public and private companies around the world. His past experiences include: the co-founding of the Orient Property Group, which focused on investments in the Asia Pacific region, the founding of Irongate, a property investment and development firm in Los Angeles, and working as part of the team in two different private equity firms. Mr. Fisher is also a founder and major shareholder of Signal Peak Mining LLC.

Tags: Adam Fisher, CommonWealth Opportunity Capital, President Reagan Silber, Reagan Silber
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CWOC and Swiss Franc

Saturday, January 14th, 2012

The Commonwealth Opportunity Capital (CWOC) predicts that “the Swiss franc should remain a safe haven for European capital flight.”  As well, according to a recent article in the Financial Times on line, “the Swiss franc’s safe-haven status will increase the Swiss National Bank’s international influence.”  No-one is sure exactly what is going to happen with this currency, since recently, along with the yen it “weakened against most of their major counterparts on evidence of recovery in the world’s largest economies, supporting demand for higher- yielding assets.”  The franc also depreciated 1.1%, following another decline which was anyway at an already weak low.  Reagan Silber is president and co-founder of the CWOC.

Tags: CWOC, Global Economic Issues, Reagan Silber, Swiss Franc
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