While the markets are uncertain, Zero Delta and our managers will remain consistent, and never lose track of our three core philosophies - Maintaining ZERO DELTA, PRESERVING CAPITAL and remaining TACTICAL.

Zero Delta

  • Non-directional relative value volatility strategies

  • Market neutrality with little correlations to market indices

  • Absolute Return - perform in all markets

  • Positions with asymmetric return profiles

Capital Preservation

  • Protecting capital is paramount - All Zero Delta managers share this philosophy 

  • Covered tails - Preparing for how black swan events affect portfolios

  • Concentration limitations

  • Knowing how to effectively scale back a position and the humility to do so

  • Knowing what key factors drive not only profits but potential losses

  • Skin in the Game - A high percentage of wealth invested in their strategy

  • Managers consider fund capital as their own and don’t take on excess risk

  • If there is nothing worth doing, do nothing

Tactical

  • Seeking out experienced break-away managers

  • Not smarter than the market - Zero Delta funds are agile and adjust quickly

  • Don’t outsize the opportunity - Position according to edge and ability to balance

  • Focusing on smaller funds - Adds to Alpha and contributes to performance

  • Zero Delta is not an asset gatherer- Sources funds with niche opportunity sets

  • Managers concentrate on performance and creating alpha not raising assets.

  • Managers take advantage of opportunities often too small for large institutions

  • Funds tend to close to new investors early in their life cycles

  • Take advantage of the early success managers can have with less capital

  • Zero Delta can satisfy larger allocators by giving them more capacity than any one individual fund or strategy with less operational complexity