REOP Index Arbitrage Fund I L.L.C.

Asset types: Fund · Geographic focus: U.S. · Assets under management: 180,000 · Average hold period: 2 years · Employees: 3

We sell call options on the case shiller index while quoting and buying individual property call options (REOPs). When there’s a significant price difference Between the two we can lock in the difference as profits. We issue 11% debt to satisfy minimum margin requirements for the trade.