At Kerns Capital Management, we believe in active management because trends change and bear markets happen.
We believe that just because the market goes down, your portfolio doesn’t have to do the same. This is why we specialize in the design and development of actively managed investment strategies, such as our flagship KCM Macro Trends Fund (KCMTX), which seek to produce more favorable risk-adjusted returns than a buy and hold approach.
Making money during good times is important, but it is equally important to protect your assets during bad times. To control risk when invested in equities, we diversify our holdings across sectors, market caps and/or regions. We also limit position size to avoid a high concentration in any one holding. When our top-down market exposure rules tell us the stock market is too risky, we manage that risk in our hedged products by reducing stock exposure and holding cash, hedging the portfolio or with short positions, and/or by investing in uncorrelated asset classes such as bonds, commodities or currencies.
A Shared Investment
Since our inception in 1996, we have built our reputation on a foundation of honesty and integrity, and invest a substantial portion of our personal funds in the same manner as those of our clients. Therefore, we are fiercely protective of the assets we manage as we have shaped and refined our active investment models.
At Kerns Capital, our interests are perfectly aligned with our clients. We are a fee-only advisory firm; therefore, we increase our income by increasing client assets. We do not receive commissions or subsidies from anyone, and we do not receive compensation from trading activity.
Kerns Capital is proud to have received recognition within the industry for our strong, stable returns. The KCM Macro Trends Fund won Best Fund Over 5 Years in the Alternative Global Macro Funds category at the 2018 Thomson Reuters Lipper Fund Awards and has achieved consistently high ratings from Morningstar.
Contact us to learn more about our investment solutions.