Teton Fund Management LLC
The pure, short-only mutual fund option for the investor who wants flexibility, liquidity and risk control without any additives.
Stocks of large market capitalization companies ($4+ billion) have ample volatility to provide plentiful opportunities on the short side. In 2013, despite a 32% increase in the S&P 500 Index, the average maximum drawdown during the year of the 50 biggest gainers in the Index was 15%. The Fund strives to identify large capitalization companies which are expected to decline in value as deteriorating fundamentals are reflected in valuations. Stock selection is based on the fundamental analysis of companies which are expriencing or are expected to undergo weakening balance sheets, deteriorating business models or excessive investor expectations. To allow investors maximum flexibility, the Fund has: * Daily liquidity at an exact NAV. * Quarterly transparency. * Simple fee structure (No carry). * No withdrawal fees. To protect investor capital, the Fund has: * A diversified portfolio featuring 40-60 stocks. * Maximum position size at initiation of 3%. * A portfolio consisting of S&P 500 names and market capitalizations over $4 billion. * Stop loss triggers based on negative alpha generation. The Fund will consist solely of equities in large capitalization companies and will not contain ETF's, futures, options, or any other synthetic vehicles.
Address: 1 Maritime Plaza, Suite 1555, San Francisco, CA 94111 USA
Phone: +1 415 765 5155
FAX: +1 415 788 4320
