Investment Philosophy

Our primary goal is to generate favorable absolute returns while managing investment risk for our fund investors and separate account clients. As long-biased investors, we adhere to a philosophical approach favoring “Growth At a Reasonable Price” opportunities in expanding markets with identifiable beneficial catalysts. We actively manage dynamic portfolios of predominantly small and midcap growth companies with attractive appreciation potential. We invest mostly in public companies, but we will also take strategic minority positions selectively in private equity opportunities if the risk/reward characteristics are exceptionally compelling.

To generate favorable absolute returns, our investment analysis employs a proprietary combination of fundamental and technical analysis set within the context of client objectives, macroeconomic influences and market outlook considerations. Our Investment Process has been cultivated over many years and many market cycles and is consistently supported by favorable back-test results.

To manage investment risk, we employ a diversified portfolio approach coupled with leverage caps and, when appropriate, specific risk-mitigation actions. Fund portfolios are diversified by company size and sector. Excessive margin leverage is not utilized in core investment strategies. In heightened risk scenarios, strategic hedging and/or stop-loss trading is employed. In addition, from time to time, short sale positions may be utilized to enhance portfolio returns.

Investments which “G.I.V.E.”:

• Great management Gaining share in a Growth market
• Innovation leading to Inflection
• Valuation advantage with Visibility and Viability
• Event Catalysts identified Early