After years of managing client money on an individual account basis we felt something was missing. There was value to be added. And because we are optimistic skeptics we thought we could do better. So we enhanced our offerings to include our own pooled investment funds.
There are several reasons why so many funds seem to underperform and disappoint investors. They get too big and therefore hard to manage. Management fees are often too high. Complicated structures reduce flexibility and limit investment opportunities. We try not to give you a lot of industry mumbo-jumbo, just the facts. So here are some key points.
Randy Cleary is the Portfolio Manager. He brings 16 years of experience and passion to the table. All of his pay from the funds comes through performance. No management fees. His own money is in the funds so his interests are aligned with yours. The funds are designed to be very flexible and to complement each other. Changes can be made quickly should market trouble come along. Personally selected investments ensure that we always have a current strategies for current opportunities.
The Gilpin Fund was named after my Dad, who had acquired the nickname ‘Gilpin’ as a young boy. The name stems from the popular poem ‘The diverting history of John Gilpin’. We like this story because it resembles this fund – always looking for a diversion from the norm to find opportunity. It is a growth fund composed of a very limited mix of stocks, focused ETF, and hand-picked top managers.
A person who put $10,000 in this fund on the inception date of July 20, 2013 and stayed invested, would now have $15,930 as of August 31st, 2019. This works out to an annual compound return of 7.9%.*
The Cactus Fund was named after my Mom, who always had a huge collection of them around the house and gardens. The cactus plant can survive harsh conditions. It doesn’t have any predators. It lives a very long time. These traits all resemble our fund. It is a strategic mix of ‘alternative’ (means not stock market) investments. Holdings include real estate, mortgages, private debt, infrastructure, credit strategies, and private equity.
A person who put $10,000 in this fund on the inception date of April 2017 and stayed invested, would now have $11,362 as of August 31st, 2019. This works out to an annual compound return of 5.4%.*
* Advertised performance is net of all fees associated with the fund. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. For current performance information, please contact Salute Financial Entrepreneurs. Important information about the Fund is contained in the offering memorandum which should be read carefully before investing. Performance numbers are unaudited and based on information we believe to be accurate.