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 which seek to produce more favorable risk-adjusted returns than a buy and hold approach.

Managing Risk

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 aligned with our clients. We are a fee-only advisory firm; therefore, we increase our income by increasing client assets … we do better when you do better.

Industry Recognition

KCM is honored to have received industry recognition for our strong, stable returns. The AXS Multistrategy Alternatives Fund (f.k.a. KCM Macro Trends Fund) won Best Fund Over 5 Years in the Alternative Global Macro Funds category at the 2018 and again at the 2019 Thomson Reuters/Refinitive Lipper Fund Awards.

Contact us to learn more about our investment solutions.