Investment Philosophy

For over 25 years, our investment philosophy has remained centered around one core goal –providing the most valuable investment returns achievable. Simply put, the value of any investment can be measured by the increase in risk-adjusted return that results from it being added to an existing portfolio. The most valuable investments exhibit certain distinct characteristics – they produce "alpha" or excess return by exploiting specific market inefficiencies caused by investor behavioral biases; they are absolute return vehicles that produce positive returns in most investment environments; and their returns exhibit a low or negative correlation to other investments in the portfolio, thereby reducing the volatility of the overall portfolio and producing positive returns when they are needed the most.