Award Winning Market Neutral Fund

Theta Investments invests in call and put options on the S&P 500 to achieve capital preservation and appreciation in all market conditions. Theta Investments sells options realizing a positive expected return. Option time decay can be profitable even in stagnant market conditions.   Theta has achieved award winning returns with extraordinary low volatility.

Russ Kellites, Portfolio Manager


Prior to managing Theta Investments Mr. Kellites joined Goldman Sachs & Co. as an Associate, then Merrill Lynch where he rose to become a Vice President.  Most recently he headed the United States Structured Products effort for ING Barings managing a portfolio in excess of $500mm, he headed the Structured Finance effort for Global Capital Finance, an international investment banking boutique previously part of the structured asset-based finance group of Credit Suisse First Boston, and he headed the Northern Hemisphere Structured Finance effort for Australia New Zealand Investment Bank managing a portfolio in excess of $1B.

Education


Columbia University BS, Computer Science, Cum Laude, focus Artificial Intelligence

Columbia University MS (Matriculated), Computer Science focus Artificial Intelligence

Columbia University MBA focus Finance, Accounting