Operating Principles
CA Partners LLC believes that in order to properly fulfill our fiduciary responsibilities, we must be totally free of any conflicts of interest. Consequently, all our dealings are on an arms length basis and no considerations of, or requirements for, reciprocity play any role in manager selection. We also believe that there should be as much transparency as possible in so that our investors can be fully aware of what it is they are investing in and how their capital is being managed. Overall liquidity and preservation of capital are paramount concerns.
Goals and Objectives
To outperform the major indexes over extended periods of time.
To experience less volatility over time than the major indexes.
To achieve these goals with only the modest use of leverage at the manager level and with none at the partnership level.
Investment Philosophy
There are a great number of ordinary investment managers but very few world class ones. Our goal is to avoid the former and hire the latter. Portfolio construction is a dynamic, not a static process. CA Partners believes there are six essential elements to the successful management of wealth:
The avoidance of major losses in down markets.
The minimizing of taxes.
Well-considered diversification.
A carefully calibrated balance between returns, risk and volatility.
Investment discipline.
Experience.
Investment Approach
Our focus is on long/short equity managers.
Most of our managers have particular areas of expertise, be it geographic, sector, activist, arbitrage or other forms of specialization.
We seek managers who have demonstrated their ability to:
make money on both the long and the shorts side of the markets; and
preserve capital in down markets.
Collectively our funds are widely diversified both in terms of the number of managers we use and in terms of their investment strategies. We try to provide a high degree of transparency in reporting to our limited partners.