ALWAYS INVESTED and ALWAYS HEDGED.
The Defined Risk Strategy takes a different approach. Rather than relying on the stock-bond relationship to manage risk, the DRS combines full equity market participation with a continuous, actively managed hedge.
Uncapped upside. Active risk mitigation. No outcome windows. No reset periods.
Two keys to building long-term wealth — staying invested and managing drawdowns — in one strategy since 1997.
We’re in the business of growing and preserving irreplaceable capital.
We embrace the opportunity to support you in that mission.
A Disciplined, Three-Step Process — Since 1997
The DRS follows a transparent, repeatable process applied continuously across five full market cycles:
Our distinct investment philosophy drives our ALWAYS INVESTED and ALWAYS HEDGED approach.
A HEDGE IS NOT INSURANCE AGAINST LOSSES
The effectiveness of the hedge and degree of downside risk mitigation varies with market conditions. The Defined Risk Strategy can and does have periods of losses.
Differentiated in Structure & Style
Most options-based hedged equity strategies are passive: the hedge is set at inception, held to expiration, and adjusted on arbitrary intervals.
Meanwhile, most strategies cap your gains: Buffer ETFs cap your upside. Collar strategies sell it away.
The DRS differs in both structure and style: it uses separately funded long-term put options for hedging risk and an actively managed hedge that adjusts with market levels, seeking to capitalize on opportunities as they arise. Uncapped upside. No fixed reset intervals.
“By actively seeking to not lose big, we believe that investors will be better off in the long run.”
A Legacy of Success
The DRS was launched in 1997 to provide investors with a better way to invest over full-market cycles—generate consistent returns and avoid major losses in bear markets.
So how’d we do?
Key Insights for Advisors
The success of our Defined Risk Strategy prompted us to apply it across multiple products and assets, providing investors with additional opportunities to use this time-tested approach.
Learn more about the available DRS investment structures, the strategy, portfolio implementation or other questions. Please contact our investment consultants for more detailed information.
