Investors are typically encouraged to compromise between seeking higher long-term returns and mitigating losses within equity markets. We seek to eliminate this compromise by providing long-term market-like returns with significantly lower risk.

Investment process:

Our portfolio construction process is driven purely by risk considerations. We select positions that are quantitatively shown to reduce overall portfolio risk through a combination of having low individual stock risk, having low negative tail risk, or being good diversifiers against other portfolio positions.

Buy/Sell Discipline: Our portfolio managers design most transactions using our proprietary and continuously developed risk models.  If a significant market event occurs that is not yet reflected in the model’s data, however, the portfolio manager has the flexibility to adjust positioning with the sole purpose of reducing risk.

Trading/Execution Strategy: The strategy will avoid executing trades that would result in insignificant reductions in expected volatility. The strategy strives to remain fully invested, with cash positions kept to a minimum. Our independent trading desk executes all securities trades and focuses on seeking best execution.

Risk Management: Risk management is integrated throughout the process with a focus on avoiding unintended risks through independent daily monitoring.