The Tactical Equities Program is a statistical arbitrage trading strategy that employs primarily short-term quantitative models of mean-reversion to trade individual stocks in the S&P 500. The program is designed to maintain an unbiased approach, with a balance of long and short holdings. Its execution efficiency and potential capacity are enhanced by trading primarily as a passive liquidity provider through an automated, proprietary execution platform. Leverage is contained within Reg T margin constraints.

The Tactical Equities Program strives to deliver attractive risk adjusted returns to investors in need of diversifying their beta-dependent investment portfolios. Although the actual history of the program is relatively short, the underlying alpha sources have shown to be quite effective at capturing mean reversion opportunities at times when typical equity long/short strategies have suffered.

Investment Opportunities: Currently traded with proprietary capital only, the Tactical Equities Program is available to investors, on negotiated terms, in either a managed account or fund format.