Strategy Highlights
Dual-Horizon Alpha
Targets 15 % annual upside from core position while adding 0.5 – 1 % extra return per month through intraday trading.
High-Conviction, Quant-Driven
Concentrated in 1–4 equities selected by proprietary models, leveraging up to 2.5x for scalable short-term gains.
Risk-Controlled Growth
Tail-risk hedges financed by covered calls limit catastrophic loss, aiming to keep drawdowns around 30 % even in turbulent markets.
This Is Why Fitz Roy Is the Right Strategy for You
Fitz Roy is a quantitative, model-driven strategy that blends a concentrated core position (one to four high-conviction equities) with an actively traded short-term sleeve in the same directional bias. Fitz Roy delivers a compelling balance of conviction and agility. Its quantitative engine removes emotion from decision-making, while a dual-horizon design lets you participate in big secular moves and harvest steady monthly alpha—even when markets stall. High concentration in best-ideas maximizes upside potential, yet tail-risk hedges and covered-call overlays keep catastrophic drawdowns in check. Whether markets rise, churn sideways, or pull back sharply, Fitz Roy’s long-and-trade framework seeks to convert volatility into opportunity. It’s a model-driven approach built for investors who want differentiated performance with quantified risk.
Core Position (Long Term)
The fund allocates its base capital to a limited set of equities showing elevated implied volatility and a target price materially above (or below, when short) current market levels. This long-term stake captures the bulk of the expected move and may represent up to 100 % of portfolio capital.
Trading Sleeve (Short Term)
Using intraday leverage of up to 2.5x, the strategy buys and sells additional shares around the core to capture 0.5 – 1% per month from short-term price swings, adding incremental alpha even if the stock trades sideways.
Hedging & Call Overlays
Tail-risk hedges are financed by selling covered calls on the core position. This limits extreme losses while option premium offsets carrying costs.
Return & Risk Profile
| Market Behavior Expected Outcome | Expected Outcome |
| Upside Trend | Combined target of 15 % per year on the core position, plus 0.5–1% monthly from the trading sleeve, amplifying overall gains as the stock moves toward its price target. |
| Sideways Drift | Active trading seeks to monetize intraday volatility, still targeting 0.5–1 % monthly even if the core holds steady. |
| Downside Move | Short-term trading may cushion losses, but a sharp decline can cause drawdowns; tail hedges cap catastrophic risk, though a ~30 % drawdown remains possible. |
Deployable in either direction—long and/or short—this dual-horizon, high-concentration structure aims to deliver superior, risk-managed returns across market conditions.
HEDGE FUND MANAGER
Fitz Roy is Managed by Eight Two Advisors
Eight Two Advisors, an independent quantitative investment firm that blends deep market expertise with proprietary engineering to build, test, and deploy high-performance trading systems. Ideas originate from rigorous data analysis, advance through statistical validation and real-time simulation, and are implemented only when they meet strict risk-adjusted return thresholds. Continuous model refinement, integration of new data sets, and scenario stress-testing help preserve edge across changing market regimes, ensuring the strategy remains both adaptive and robust.
Under Gunnar Cuevas’s leadership, Eight Two Advisors fuses portfolio construction discipline with cutting-edge quantitative research, providing the focused, scalable framework that powers the Fitz Roy strategy.
“In the long-run we are all geniuses.”
Gunnar Cuevas
Hedge Fund Manager @ CARL Fitz Roy, LLC
Sophisticated Alternative Investments Aren’t Just for Institutions Anymore
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What Investors Say About CARL
"I didn’t know investments like this existed before finding CARL, and I guess they didn’t for regular investors until now. It provides so many more options, I can now manage my own hedge fund portfolio, diversify my investments and I have the potential to earn a return regardless of market direction."
Chris
CFO, Michigan
OUR STRATEGIES
Besides Fitz Roy We Also Offer Other Types of Strategies
Combining flexibility and versatility, quant hedge funds are the perfect opportunity to cover all your bases. By exposing your portfolio to non-traditional asset classes besides traditional revenue areas like the stock market or real estate, you can gain lucrative benefits, especially in volatile markets. Whether you have years of experience as an investor or you're looking for new investment opportunities – CARL is your ticket to investment success.
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Still Need Help?
If you have any further questions about hedge fund investing opportunities, our Fitz Roy strategy or about CARL in general, please do not hesitate to contact us.