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Modern Capital Management Co.

A Modern Approach for the Modern Professional

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MCTOX & MCTDX

The Modern Capital Tactical Opportunities Fund seeks to provide income and capital gains by investing a significant portion of the portfolio in closed-end funds (CEFs), exchange-traded funds (ETFs), and sponsored American Depositary Receipts (ADRs).

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Bespoke Models

Our differentiated investment models support thoughtful contemporary portfolios. We work specifically with Registered Investment Advisors, Exempt Reporting Advisors and trust companies to build unique asset management solutions for their constituents.

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Separate Managed Accounts

We tailor customized plans in an attempt to preserve human capital and consult on ways to increase non-interest income to the bottom line; enhancing a non-profit institution's ability to recruit and reward top talent.

WHO WE ARE

Bradley Atkins

CEO and Chairman

Brad Atkins started his career in the 1990s as a retail financial services representative with American Express Financial Advisors in Atlanta, Georgia. Over the next several decades he has built and managed several businesses in the financial industry including a fin tech start up, managing an insurance agency and building a sales team in the fee-only RIA space. 

Kris Wild

President and CIO

Kris Wild is President and COO of Modern Capital Management Company, an SEC registered Investment Advisor. He was formerly the Chief Operating Officer and Head of Product at Liberty Partners Financial Services and Modern Capital Advisors LLC, a FINRA registered broker/dealer and SEC registered investment advisor respectively, where Kris also served as a portfolio manager. 

Michael Pierce

Head of Institutional Distribution​

Michael is the Head of Institutional Distribution at Modern Capital, responsible for cultivating the firm’s growth focus and enhancing distribution success. Holds over 28 years of experience in sales, distribution and relationship management. 

Peter Montalbano

Senior Portfolio Manager ​

More than 25 years of financial industry experience, including proprietary trading, fund management, and retail investments. Established my own firm in 1999, and launched Bonaventure Investments in late 2000.

Michael Lowenberg

Portfolio Manager

Michael works as the co-portfolio manager of the Modern Capital Tactical Opportunities Fund (MCTDX & MCTOX)

WE BELIEVE...

  • Markets behave as efficiently as market participants account for them, which can lead to discrepancies and opportunity
  • Markets trade efficiently with regards to price but not necessarily value
  • Over time inefficiencies tend to reduce which can present attractive exit points

AND THEREFORE, SEEK TO...

  • Buy securities that are trading at levels that represent a discount to their historic net asset value (NAV) or multiple.
  • Purchase securities that are mispriced due to short-term negative events or presence in out-of-favor sectors.
  • Sell securities in sectors that have appreciated ahead of their historical means.
  • Invest in closed-end funds that provide dividend payouts during the holding period.

SOURCING AND EVALUATION

A broad scope of market factors are considered, and may vary from time to time, depending upon the portfolio's current composition. The team seeks to:

  • Establish a general market outlook.
  • Evaluate and constantly monitor all closed-end fund market segments.
  • Assess the capital markets, geo-political and macroeconomic environment.
  • Identify closed-end fund classifications that display significant pricing inefficiencies.

RESEARCH & ANALYSIS

Once a thesis is established, the in-house research team evaluates targeted ideas, based on the critical characteristics, including:

  • Liquidity
  • Underlying securities
  • Historical performance
  • Fund management
  • Gap between share price and NAV
  • Source of discount
  • Leverage percentage
  • Expenses/fees
  • Tax considerations
  • Dividends & Dividend date
  • Comparables with ETFs and open-end funds

TRADING & EXECUTION

The team trades across all sectors and market capitalizations

  • Portfolio typically contains 40 to 80 total long positions in CEFs, ETFs, ADRs and Equity & debt instruments.
  • Average time horizon is less than one year.
  • Actively managed averaging over 300 trades per month.
  • Utilize cash as a tactical allocation.
  • CIO controls final decisions regarding significant position changes and/or portfolio rebalancing.
  • Tactical trading ensures optimal positioning, attractive entry and exit points and takes advantage of market volatility.

PORTFOLIO MONITORING

The portfolio team convenes for a formal discussion to:

  • Challenge research assumptions.
  • Assess the thesis through the filter of the firm's daily and longer-view trading strategies.
  • Optimize return profile by daily trading against core positions.
  • Determine if holdings maintain risk efficiency.

The Modern Capital Tactical Opportunities Fund

MCTOX (A) MCTDX (ADV)

Let's Talk

Our consulting process begins with a discussion about your needs, your pain points, and strategic vision. Contact us to schedule a discovery call to get started.