Investment Management Products

Global Tactical Asset Allocation ("GTAA")

Delphin Investments uses a proprietary asset allocation model to construct this portfolio from 27 primary asset classes, which include global equities, currencies, commodities, and fixed income. The process involves developing expected return forecasts for each of the asset classes, combined with thoughtful, cost-effective implementation and risk management. Our process seeks to continually maximize expected returns, subject to acceptable levels of volatility.

U.S. Small-Cap Stock ("DISC")

Our approach to managing this portfolio of 150-200 U.S. small-cap stocks incorporates quantitative, fundamental, and macro analyses. Empirical research and our experience have shown that stock selection factors do not earn "average" returns uniformly over time; thus, we consider the macroeconomy and investor sentiment to add flexibility to the process and maintain model efficacy as investors' risk appetite shifts. Our fundamental stock research focuses on top-ranked names in our quantitative model.

Equity Market Neutral ("DIEMN")

Our hybrid philosophy and process, which incorporates quantitative, fundamental, and macro research, is at the core of this strategy. Generally comprised of 200-300 long and 200-300 short positions, we use two methods to select investments-Disciplined Equity Hedge and Opportunistic-while qualitative judgment is used for selecting and sizing holdings. The Disciplined Equity Hedge Strategy uses proprietary models to choose companies, taking advantage of market inefficiencies that cause specific stocks to be under or over-priced.

Investment Management Services

Delphin Investments' Outsourced CIO Service ("OCS")

Delphin Investments' Outsourced CIO Service ("OCS") provides a customized and diversified (major endowment-like) portfolio to institutions based on our GTAA process and investment philosophy. OCS builds on an organization's existing portfolio, taking into consideration any idiosyncratic financial and operational needs, both current and long-run, so that executives can spend their time focused on achieving their organizational goals.