Doherty Advisors (Grey Swan


Fund Investment Objectives

Grey Swan Equity Hedge (via managed accounts) In April, Doherty Advisors launched the Grey Swan hedge program which is designed to provide downside protection in descending equity markets and implements different series of long put and put spreads within the S&P 500 Index across various expiration time cycles. The strategy is offered via managed accounts. This strategy is the perfect complement to the flagship RVV It shares the same characteristics of high liquidity and full transparency, but differs in that it is always long positive gamma (i.e. Delta/Beta exposure gets exponentially shorter as the market descends). RVV seeks to profit in both upward and downward trading markets (profitable 92% of all months), while, of course, Grey Swan prospers exponentially in corrective or descending markets.