​Wealth Creation Through Intelligent Concentration 

We tactically allocate capital in light of changing global macroeconomic conditions and trends:

​

• The more attractive opportunities are available, the more we concentrate in stocks with the highest potential for superior returns

• In environments with fewer attractive opportunities, we invest in a more diversified group of reasonably priced good investments

​

Then, we hold patiently until the stock reaches its potential or compares less favorably to available opportunities.

We hedge to minimize volatility and create a distinctive ability to reinvest directionally for upcoming cycles:

​

•  By heavily using ETFs to change or gain specific beta and macro exposures

•  Relative value, pairs trading, and factor pair trading

•  Where appropriate, we engage with other investment managers with significant experience deploying specific strategies*

​

* Other managers may charge fees that we do not share with them..