Clarium pro launches macro/equity hybrid fund

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Matt Kratter, a former head trader for Clarium Capital Management, hung his own shingle last month with the launch of Redwood City, Calif.-based Kratter Capital, a venture partially seeded by his former boss.

Kratter’s initial fund is a hybrid vehicle that invests in equity options, with a macro overlay serving as a form of risk control in case the portfolio ends up too heavily exposed to any specific macro factor, such as rising oil prices.

“We try to find stocks whose options are saying that they are riskier than they actually are. Then we sell those overpriced options,