Ionic Capital Management LLC disclosed in a filing on June 30, 2018 that it increased its stake in ILG, Inc.

Sep 03, 2018
Institutional Holdings Changes
Background Information
Ionic Capital Management is and alternative asset manager that employs long volatility, relative value arbitrage, event-driven, and credit investment strategies, globally across asset classes. Their long volatility strategies focus on generating negatively correlated returns and outperformance during uncertain markets. The firm uses both explicit and imbedded options across asset classes, including equities, interest rates, currencies, commodities and credit to construct a portfolio that is typically positive convexity and long volatility. Ionic Capital Management's relative value arbitrage investment strategies focus on generating capital appreciation with low volatility and reduced correlations to equities and credit. Their credit investment strategy focuses on generating positive risk-adjusted returns with low correlation to overall market direction. The firm's value investment strategy incorporates rigorous fundamental analysis in an attempt to identify compelling long (and short) investment opportunities in securities of companies that are trading at a substantial discount (or premium) to intrinsic value. Ionic Capital Management also may implement hybrid strategies incorporating elements of directional, relative value, volatility, event-driven, credit and other approaches, as well as a variety of opportunistic investment tactics.