Precious Metals Fund Presentation
Given the exciting and timely opportunity in the early stages of what we believe is a new bull market for gold and silver, Crescat has started an activist fund to invest in the precious metals mining industry. See Fund Presentation Here»
Crescat November Research Letter
The structure of the global economy today is built on the incessant yet tenuous reliance on monetary and fiscal stimulus. To put it bluntly, policy makers are in a pickle. In accommodating struggling enterprises at large by piling new debt onto them, they have traded off future organic growth for economic zombification. At the same time, their persistent monetary easing to prolong the expansion of the business cycle has led to historic imbalances in valuations that pose serious destabilizing risks. But leverage and multiples cannot grow to the sky forever. The days of risk parity strategies where investors pile into levered long bond portfolios alongside broad equity portfolios are numbered. Read More»
Crescat’s Firmwide Presentation
In this presentation, we tell the story behind Crescat’s history, investment process, and performance. We share our top three themes today that we consider the macro trade of the century. See Firm Presentation Here>>
Crescat is a global macro asset management firm. Our mission is to grow and protect wealth over the long term. We deploy tactical investment themes based on proprietary value-driven equity and macro models. Our goal is industry leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. We apply our investment process across a mix of asset classes and strategies to assist with each client’s unique needs and objectives:
Crescat Global Macro Hedge Fund: Our flagship hedge fund invests long and short around the world to take advantage of opportunities in any asset class. The strategy exploits both cyclical and secular macro themes throughout global equity, commodity, currency, and fixed income markets.
Crescat Long/Short Hedge Fund: The cure for the common index fund. Guided by Crescat’s fundamental stock-scoring model and macro themes, our equity-only hedge fund seeks to deliver alpha from long and short stock picking combined with intrepid navigation of the business cycle. This fund can be tactically net short in highly overvalued markets ahead of and during probable bear markets.
Crescat Precious Metals Fund: The fund is dedicated to activist positions in the precious metals mining industry. The manager navigates the cycle for gold and silver primarily through long-oriented exposures but may also employ shorts and modest leverage. The investment objective is long term capital appreciation with low correlation to the S&P 500 Index.
Crescat Large Cap SMA: An actively managed portfolio of global large cap equities. Crescat’s longest running strategy has outperformed the S&P 500 over the long term through multiple business cycles. It is a long-only, separately managed account (SMA) strategy. In extreme times, this strategy can hold up to 50% cash and precious metals to protect against expected macro downturns.
Crescat Precious Metals SMA: A core macro asset class for a variety of economic conditions. Offers strong appreciation potential during both inflationary and recessionary environments. We navigate the precious metals cycle through this long-only SMA strategy focused on a well-researched portfolio of global all-cap gold and silver mining equities. Precious metals securities offer healthy long-term total return prospects with low correlation to more highly trafficked asset classes.