Valedictory Fund I is the flagship fund of Valedictory Investment Management, LLC.
Objective
The fund’s investment objective is:
to compound wealth at an risk-efficient manner over the long-term using a disciplined, well-researched investment approach, which includes a smart asset allocation and best-in-class investment vehicles.
We consider it a moderately aggressive strategy, targeting a risk level of around 10% (???) annual volatility.
Investments
The fund will generally invest in U.S. listed open-end and closed end mutual funds, exchange traded funds (ETF’s), unit investment trusts (UIT’s), and cash-like instruments, including money market funds. As a smaller part of its strategy, the fund may also invest in individual U.S. and international equity (in particular U.S. small/ micro cap stocks) and fixed-income securities, and derivative instruments including but not limited to futures and options contracts.
Products: Our Funds
Valedictory Fund I:
- a mixed asset portfolio utilizing endowment investing concepts targeting beating a 60/ 40 benchmark
- seeking to achieve efficient market returns; targeting modest annualized outperformance (1-2%) through better diversification, modest asset class timing, superior asset class manager/ vehicle selection
- approximating a 60/ 40 portfolio; more conventional investing; focused on capital preservation and slow growth
- follows an endowment-style portfolio
- widely diversified across all dimensions, including all major asset classes and most recognized liquid sub asset classes
- low(-er) tracking error
Valedictory Fund II: an aggressive, concentrated, small-cap strategy targeting private equity/ venture capital type returns
- seeking to achieve (asymmetrical) positive skewness in the tails
- focused on high compound growth
- aggressive high tracking error, high volatility strategy, relying on quantitative factor investing (harvesting well-established risk premiums)
- approximating venture capital/ private equity returns
- follows an active, individual investor model; idiosyncratic, very concentrated, illiquid
Perfomance
- Benchmark: a relevant reference point for performance comparison
Pricing
External Vehicles
- External Fund Products short list: our selection of the most attractive retail pooled investment products (mutual funds, ETFs, CEFs) for each asset (and sub-) class