What is a Martingale?
Since several popular indexes are widely used to track large cap stock returns, we offer an assortment of large cap strategies to meet our clients' needs. When we analyze clients' aggregate holdings, it is not unusual to find that they are unintentionally underweighted in the very largest stocks. Martingale has considerable experience managing strategies that concentrate in macro cap stocks as well as with those that cover the S&P 500 or the Russell 1000. Because this array of strategies — all within the so-called large cap universe — generates a variety of results, comparisons must be made with care. Martingale began managing large cap mandates in 1987. For large cap portfolios, we target an excess return of 1% - 2% per year over a full market cycle, with an expected tracking error of 2% - 3% versus the benchmark.
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