GRT Concentric Partners' Long/Short Equity fund is a fundamentally based hedged strategy for investors desiring a well defined process, careful risk management, transparency, liquidity, and scalability. The fund seeks to employ a risk adverse investment discipline by maintaining a hedged position at all times. The investment objective of the Partnership is to seek annualized returns over a market cycle exceeding the returns of the S&P500, with a standard deviation lower than the historical volatility of the S&P500. Stocks are evaluated relative to market and industry competitors using five principle criteria: Valuation, Market Reaction, Earnings Quality, Financing, and Capital Deployment.
GRT Concentric Partners' Long/Short Equity fund is a fundamentally based hedged strategy that employs a risk averse investment discipline by maintaining a significant hedged position at all times. With its low correlation to the U.S. equity market, well diversified structure and straightforward investment approach, Concentric is intended to serve as a core hedged holding. The investment objective is to generate annualized returns over a market cycle exceeding the returns of the S&P 500, with a standard deviation lower than the historical volatility of the S&P 500. The Partnership seeks long-term capital appreciation and total return through active trading in equity securities. As a general guideline, for each dollar of capital committed, approximately $1.10 will be invested long and approximately $0.40-0.80 will be placed short. The manager uses a diversified investment structure typically holding 90 to 110 positions long and 80 to 150 positions held short. It is anticipated that the amount of leverage will not exceed 200% of the net asset value of the Partnership. The Partnership employs a risk averse investment philosophy seeking long holdings believed to exhibit attractive long-term business characteristics, sound capital deployment strategies, positive working capital trends and attractive valuations. Conversely, short positions exhibit excessive valuations, deteriorating balance sheets, and negative business momentum and capital trends. AUM is not disclosed.