Investment Philosophy

We believe traditional markets are rational most of the time but from time-to-time markets are irrational – Therefore you need strategies that work in both environments

Convergent Strategies

  • Markets trade through various cycles and, during rational periods, markets tend to exhibit lower volatility with prices being driven by fundamentals and value.
  • Convergent strategies are positioned to seek to capture returns in these environments

Divergent Strategies

  • Markets from time to time exhibit irrational periods where volatility spikes and markets trade under stress conditions with fear and greed driving prices, as opposed to fundamental information.
  • During these times traditional portfolios often exhibit large left-hand tail resulting in potentially large losses.
  • It is during these periods that Divergent strategies are needed.

Screen Shot 2017-09-25 at 3.14.37 PM*The information above is for illustrative purposes only. Past performance does not guarantee or indicate future results.