Our investment approach is rooted in rigorous fundamental research, robust empirical testing, and a disciplined process that combines systematic implementation with seasoned oversight and expertise.Learn More
Outperformance requires deep understanding, differentiated insights, and an informational edge.Learn More
We focus on strategies that can make a meaningful positive impact to our investor’s portfolios.Learn More
We built an institutional caliber platform for working with large institutional investors.Learn More
Our objective is to understand the fundamental drivers of asset class prices and to implement decisions with systematic discipline.
Commodity futures have been traded since the late 1600’s in Japan and since the late 1800’s in the United States. It is arguably the longest running, most robust, but least understood alternative beta.LEARN MORE
Applying the portfolio selection criteria of PE firms to public market stocks can deliver outperformance in a liquid, transparent, and low-cost strategy.LEARN MORE
A broadly-diversified strategy for harvesting commodity volatility risk premia can deliver unique uncorrelated returns that are independent of economic environments and market cycles.LEARN MORE
Learn more about our key areas of focus.
An introduction to the features and characteristics of diversified commodity strategies.Coming Soon
Can a strategy based on public securities match the performance of private equity funds? Research suggests it can.Coming Soon
The presence of insurance premia in equity markets is widely accepted. They exist in commodity markets as well.Coming Soon
Gorton and Rouwenhorst (2006) examined commodity futures returns over the period July 1959 to December 2004 based on an equally‐weighted index. They found that fully collateralized commodity futures had historically offered theRead More
Private equity funds tend to select small firms with low EBITDA multiples. Public equities with these characteristics have high risk-adjusted returns after controlling for common factors. Hold-to-maturity accounting of portfolio nRead More
An overview of risk premia in commodity futures markets.Coming Soon