This fund is primarily a long/short equity fund with the capability to invest in merger arbitrage and special situations on an opportunistic basis. Top down macro views will determine sector selection, whereas bottom up fundamentals will determine security selection with a heavy concentration on core positions in tandem with a developing catalyst.
Hedging is achieved through the use of shorting individual stocks, indices or industry ETFs. Historically net exposures have been from approximately 40% to 125%.
The current macro theme for the fund is a long-bias in precious metals and natural resource equities. Particular sectors of focus are:
- Energy
- Gold & Other Precious Metals
- Base Metals
- Agriculture
