Below is a list of the Sub-Advisers and a brief description the strategies they run for the Fund. Broader strategy definitions can be found in the Prospectus. All Sub-advisers are SEC registered investment advisers.
Harvest was founded in 1999 and is located in San Francisco, CA. Harvest manages a concentrated equity long-short strategy focused on an entire range of agricultural related businesses. The goal is to capitalize on long-term secular tailwinds as well as shorter-term dislocations along supply chain dynamics. Longs are focused on companies that can positively impact productivity, have thoughtful management teams, exhibit strong financial metrics, and have the potential for significant long-term earnings power. Shorts are focused on companies with inadequate capital structures, weakening financial metrics, or disruptions to their business model.
Primary Strategy for the Absolute Strategies Fund: Long/Short Equity, Agricultural Focused
Longhorn Capital Partners, LP was founded in 2006, and located in Dallas. Longhorn pursues a fundamental, research-driven portfolio of opportunities globally in both long and short equities. They seek to invest with valuation discipline in companies experiencing intermediate-term change in underlying business fundamentals. They utilize an intermediate to long-term investment horizon and have flexibility for net long or net short portfolio exposure based on their view of the opportunity set at the time.
Primary Strategy for the Absolute Strategies Fund: Global Long/Short Equit
The Boston Company Asset Management, LLC was founded in 1970 and offers a full range of investment management services for institutional clients, high-net worth individuals, and pooled investment vehicles. The Boston Company manages an opportunistic, event driven strategy focusing on companies that are undergoing some manner of operational or financial stress. They invest long and short, and trade in securities across the capital structure. Their portfolio consists of a concentrated number of situations where the managers have a differentiated idea flow, prior investing experience, a contrarian perspective of a company or industry, or an understanding of a complex balance sheet. The managers will also look to actively hedge against systemic risk events.
Primary Strategy for the Absolute Strategies Fund: Long/Short Equity & Credit
Sabal, founded in 2002 and located in Santa Monica, California, runs a concentrated long/short special situations strategy. Sabal’s long portfolio is principally comprised of liquid, value-oriented investments that feature downside protection and upside optionality from unique business prospects, corporate restructurings, and/or value creation initiatives. The firm’s short strategy targets companies with long-term business challenges and accounting irregularities.
Primary Strategy for the Absolute Strategies Fund: Special Situations