The Global Allocation Program (GAP) is a quantitative asset allocation strategy designed to dynamically allocate risk to the major global markets using top-down and bottom-up measures of relative strength. The strategy employed in GAP is based upon the concept of return persistence – i.e., that markets and sectors generating the strongest returns tend to remain the strongest markets and sectors for some time. GAP provides global exposure to four major asset classes – equities, fixed income, currencies, and commodities – using futures contracts and interbank foreign exchange forwards.

The objective of GAP is to efficiently capture the positive risk premium present in equity, fixed income, commodity, and currency markets by establishing and maintaining a diversified portfolio of positions in the markets expected to generate the greatest return.

Investment Opportunity: The Global Allocation Program may be accessed by eligible investors through a managed account with a $3 million minimum investment and fees of 1/20.