Our aim

Make orthogonal investments – those with favorable return prospects irrespective of market conditions. Subject to actual events, we typically aim to realize our investments within 18 to 36 months.

Where we invest

/ Long equities

We select for growth at compelling valuations. We are sector and size-agnostic, and our investments skew toward undercovered, small cap names. Typical sector exposure includes:

• Biotech/Medtech, Consumer/Retail, Technology (secular growth)
• Financials, Industrials, Energy (cyclical growth)

/ Distressed debt

We invest in distressed debt when conditions are right, seeking equity-like returns either pre- or post-reorganization.

/ Short volatility

Infrequently utilized, our short volatility plays are typically expressed via sold options, and on rare occasion, short volatility futures.

Our process

Macroeconomics and market assessment.

Strategy selection.

Fundamental securities analysis.

Technicals-guided entry.

Investment monitoring and thesis updating.

Tax-efficient exit.