Philosophy

Multi-Strategy Philosophy

We have built our investment record on the belief that returns are maximized and risks minimized when an opportunistic, multi-strategy approach is employed. The fact is that investment opportunities across different strategies do not present themselves equally in terms of risk-reward at any given time - some assets and securities are cheap while others are dear. By responding to cyclical swings and investment-specific circumstances, we take advantage of those instances when the need for liquidity overcomes a seller's ability to hold, or when the seller is unable to accurately assess value. We use our core analytical and investment competencies to identify mispriced assets and securities in sectors where we have been investing for a long time, and in new areas, such that return, diversification and non-correlation are each enhanced, and downside risk is minimized.

Single-Strategy Opportunities

Multi-strategy funds have the potential to serve as incubators for single-strategy funds. In the past, we have reached concentration limits in a particular investment sector within a multi-strategy fund and then raised a single-strategy fund to further take advantage of a unique opportunity. These instances have resulted in profitable follow-on investments for limited partners electing to invest in these funds.