“It is insane to risk what you have and need to obtain what you don’t have and don’t need.”
– Warren Buffet
“Pundits forecast not because they know, but because they are asked.”
– John Kenneth Galbraith
“Rule #1: Never lose money
Rule #2: Never forget rule #1”
– Warren Buffet
“Surprise is the mother of all panic.”
– Nick Murray
“Minimising downside risk, while maximising the upside is a powerful concept.”
– Mohnish Prabai
“If you can’t find a way to make money while you sleep, you will work until you die”
– Warren Buffet
Constellation Capital was founded in January 2014 and is a research and broking business in the South African equity and currency derivative markets. The business is a member of the JSE.
Constellation Capital focusses on conceptualizing derivative-based risk-mitigation or return-enhancement strategies to a client base of pension funds, asset managers and high net-worth individuals.
Constellation Capital trades only back-to-back and does not hold proprietary positions.
The 6 professional staff members offer over 80 years of experience in research, trading, broking and structuring across the derivative, equity, fixed income and foreign exchange markets.
Bespoke Advice & Solutions
At Constellation Capital, there is an emphasis on genuine value-add. Every day, we research and conceptualize practically implementable ideas and solutions that can either mitigate investment risks or enhance investment returns in the portfolios of our clients.
These ideas emanate from a continual assessment of asset price movements and of implied volatility levels across the various markets and asset classes that our clients may be invested in.
As well as day-to-day trade idea generation, Constellation Capital also conducts bespoke research projects on behalf of our clients on request. This enables us to maximize value creation through candid discussions of our client’s fundamental views, strength of conviction and risk appetites. Such discussions are only possible within deep relationships of trust that we have had with our clients for decades.
Finding the best price for our clients is a key dimension of value-add by Constellation Capital. The network of our traders and our brand credibility is entrenched across the markets. Since inception, Constellation Capital has executed hundreds of billions worth of transactions across the various instrument sets and markets. The sheer volume of the trades that we see ensures that we can secure the best price for any instrument in the shortest time, always protecting the identity of our clients and negotiating on their behalf.
The traders at Constellation Capital have extensive experience in trading proprietary risk books for various investment banks and have advised the asset management industry for decades on the use of derivative instruments. So, we are uniquely positioned to understand both sides of every trade, no matter how intricate or complicated it may be. From that point of departure, we ensure that transactions are executed seamlessly, and that market impact is minimized.
Trade Monitoring & Enhancements
Constellation Capital maintains full records of all transactions executed for clients and provides regular tailor-made post-trade evaluation reports on these transactions as required. Our research and assessment of these trades against a background of the passage of time and market movements allows us to recommend opportunities for our clients to take profits and unwind transactions or parts thereof.