The fund seeks capital appreciation and preservation by investing in companies across any size in the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team invests in long and short positions in equity securities of companies.
In selecting stocks on which to go long and short, the team relies on multi-factor quantitative models.
The models are based on proprietary research related to economic indicators and investment anomalies found in peer-reviewed academic journals.
The team focuses on the best performing, recent, and persistent anomalies, and may invest in stocks that provide exposure to a wide variety of anomalies.
Additionally, the research team takes long positions in securities that are estimated to trade below their fair values, and short positions in the overvalued securities.
Also, the team varies the fund’s equity exposure utilizing a tactical proprietary model of market returns.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
