Balestra Capital, Ltd. was founded in 1979 and is a registered SEC investment adviser. The firm is dedicated to producing superior returns for its clients by applying dynamic asset allocation and hedging strategies in the context of global macro fundamentals. The Firm has operated on a hedged basis for most of its history, but may take a directional bias when warranted by management. Balestra Capital, Ltd. emphasizes long term investment themes based on economic data, market pricing, demographic, social, political and other factors.