The JC Clark Focused Opportunities Fund is an equity long short concentrated portfolio of JC Clark’s highest conviction investment ideas.
The Fund seeks absolute return on capital by investing in North American equities and stresses hands-on fundamental research.
The Manager seeks to execute a focused investment strategy by managing a concentrated portfolio of the firm's most promising investment ideas. The Manager avoids directional bets on the market and aims for minimal market exposure. All investments are made in publicly-traded securities (mainly equities).
Security selection is the primary focus as the Manager attempts to buy high quality companies trading at a significant discount to their intrinsic values and short businesses with weak fundamentals, poor or overly promotional management, and aggressive accounting. The Manager and investment team perform significant internal due diligence on all investment ideas.
The Manager will generally employ a "value-based" strategy, focusing on the fundamental characteristics of individual companies. Through a rigorous "bottom-up" research process the Portfolio Manager and other members of the investment team will focus on fundamental business and industry analysis. Long and short positions will typically be outright and distinct in nature rather than as a hedge to one another. Hedging will be done at the overall portfolio level, and periodically at the sector level. The Manager may employ index futures or exchange-traded funds to assist in this portfolio hedging process. While the Manager will moderately adjust the funds overall net market exposure from time to time, the general focus will be on security selection, rather than market timing.