The Partnership’s investment objective is to employ high turnover to maximize return on capital. The Fund views its capital as its inventory, seeking to find that equilibrium between the most efficient inventory turnover and maximum ROI.
SAX ANGLE PARTNERS, LP is a long-short equity fund. This strategy involves taking long positions in stocks that are expected to increase in value and short positions in stocks that are expected to decrease in value. The General Partner intends to invest exclusively in “Level I” assets such as stocks, bonds, publicly traded funds, or any other assets that have a regular “mark-to-market” mechanism for pricing.
The General Partner maximizes returns by constantly evaluating portfolio holdings for daily or even intra-day price movements utilizing it’s proprietary technical buy and sell algorithms as part of its trading strategy. All positions are reviewed daily with the philosophy of starting each day from the previous night’s close, not the original cost. The General Partner will often trade the same security multiple times, opportunistically buying and exiting in order to generate superior performance. The actual timing of the transactions is determined in part by the Fund’s proprietary technical analysis.
It is likely that the Partnership will generate mostly short-term capital gains and losses. This is not to be confused with day trading, as all positions are analyzed from a fundamental, and not strictly technical, point of view.
Fundamental analysis starts with the precept that no one knows a business as well as the people running it. The General Partner therefore prefers, but is not restricted, to trade securities or sectors that have significant insider purchases or unusual selling patterns. The General Partner deploys a 10-point checklist that includes but not limited to discounted cash flow valuation, PEG and PE ratios, analyst opinions as well as significant catalysts; such as adverse or positive litigation outcomes, drug and medical invention approvals or denials, and patent disputes.
As an opportunistic long/short hedge fund, the General Partner occasionally uses leverage in Partnership investments. The Fund has no mandate to be invested at all times and may hold large cash balances and/or hedge positions with futures, options, ETFs, and/or derivatives.
*All Investments involve risk, including the loss of principal. This is neither a solicitation or offer to sell any security. Past performance is not necessarily indicative of future results. An offer c