- Directionally positioning (long or short) across broad markets & asset classes based on fundamental & technical analysis
- A mix of qualitative & technical inputs drive the decisions around trading, sizing & timing by the main portfolio managers
Type of Input
- Fundamental research determines the overall themes and ideas that will be traded
- Technical analysis is used to help validate and support the themes
- Longer term focus, with some themes looking out years
What Sets Us Apart — Our Competitive Edge
- Our strategy differs in its longer-term holding periods — this allows us to ride out shortterm market ‘noise’ typically caused by quantitative, algorithmic trading.
- Our strategy can provide significant portfolio diversification through its investment in global futures markets, which have a low or negative correlation to equities and bonds.
- Not a Quant or Black Box Model
- Not based on Back Tested Results
- Not Day Trading or Short Term oriented
- Not Systematic Trend Following
- Not invested directly in Individual Securities
- Not a multi-fund of funds hedge fund
We apply a time-tested approach used by some of the most successful money managers in history
First, we conduct extensive research.
Supply & demand analysis.
Drivers for financials & commodity markets.
Market sentiment analysis.
Analysis of buy and sell-side research.
Next, we form a fundamental view/ outlook based on our research and marketdata.
Daily (and nightly) analysis of market data confirms our (bullish or bearish) view on various markets we trade.
Trades (long or short) are initiated when market data aligns with our fundamental view(s).
Risk analysis and trade conviction determines position size.
Smaller positions may be 25 basis points of fund equity risked.
Larger positions may be 100-200 basis points.
After confirmation of trade logic, risk analysis and position sizing, we execute trades.
Our discretionary trading process allows positions to be sized up or down as needed.
Risk management is an integral part of the investment strategy.
- Each trade is initiated with anywhere from 25-200 basis points of account equity risk, depending on:
- the conviction level we have in the specific position and,
- the correlation that the position has with other existing positions in the portfolio.
- reward/risk size is targeted in a range of 3:1 to 10:1
- The measure of account equity risk in basis point indicates the amount of the fund’s equity effectively ‘risked’ on a given trade, based on the trade’s entry point and pre-determined ‘stop’ level.