Keep connected
Our investment management team is made up of engaged thought leaders. Get their latest commentary and stay informed of their frequent media interviews, all delivered to your inbox.
Our most diverse fund, the Global Hedged Growth Fund allows the manager to adjust the geographic and sector allocations widely as they identify anomalies in the markets on which the fund can capitalize.
Diversified and unleveraged, the Global Hedged Growth Fund makes tactical use of ETFs alongside top-pick equities to generate returns in all types of market conditions.
John Zechner
Lead Manager
$8.2 Million (CAD)
Launched23/12/2010For accredited investors. Units of the Funds are qualified investments for registered products.
The fund is designed to generate consistent, positive returns that are commensurate with a moderate degree of investment risk. The manager focuses on global indicators to make an assessment of macro-economic trends and then positions investments in Canadian and global stock, fixed income and commodity markets that are most impacted by those trends. The Fund is suitable for sophisticated investors who can tolerate a moderate degree of risk and volatility.
The Fund capitalizes on J Zechner Associates’ proven strength of top down economic and strategic investment analysis. The Fund provides exposure to major industry sectors throughout the world, but does not hold individual stocks. Rather, the Fund expands the universe of investment instruments by using sector and country index Exchange Traded Funds (ETF’s) to simulate economic and market conditions. J Zechner Associates has, since its inception in 1993, been known as a firm which focuses on global economic indicators in addition to stock and sector valuation analysis to manage balanced and equity portfolios. By applying these valuation criteria the Manager has demonstrated a consistent ability to add value by finding opportunities within global industries, sectors and themes that have the strongest growth characteristics.
With the J Zechner Associates Global Hedged Growth Fund the Manager takes these strengths a step further by expanding the universe of investment instruments available on listed exchanges to be able to target more specifically the sector and asset allocation decisions and generate stronger returns from the Manager’s best investment ideas. The Manager can also use these same instruments to protect the portfolio by establishing short positions in sectors where their analysis shows downside risks due to the Manager’s analysis of traditional valuation measures, technical market trends or other pending risk issues. Sector short positions can also be used to protect the value of the portfolio in times of extreme market volatility as well as during market downturns.
The structure of the Fund allows the investor to benefit from the diverse strengths of the Manager’s investment expertise as well as helping to reduce volatility of the Fund and allow it to grow in all types of investment environments. The Fund is also unique among hedge funds in that it does not use any financial leverage to achieve these results.
As at March 31, 2021
quarter | 1 year | 3 year | 5 year | |
---|---|---|---|---|
Global Hedged Growth Fund | 5.33% | 27.09% | 0.95% | -1.96% |
As at March 31, 2021
SPDR Trust Units SPY (Short) | -16.02% |
iShares 20+ Year Treasury Bond (short) | -8.96% |
iShares Russell2000 ETF (short) | -8.36% |
Canadian Imperial Bank of Commerce | +4.91% |
Manulife Financial Corp. | +4.04% |
Our investment management team is made up of engaged thought leaders. Get their latest commentary and stay informed of their frequent media interviews, all delivered to your inbox.
PDF Quarterly commentary
Download