As a value-oriented firm serving accredited investors, as well as friends and family, we invest in ETF's, CEF's and individual securities that sell at discounts to their intrinsic values.
Before we invest, we utilize a system to determine when to be heavily invested in risk assets; our system typically stays long 80% of the time. Then we evaluate funds or individual securities, to determine which to buy and at what price. When our system generates a bearish market signal, we will reduce our exposure to risk assets and we will sit in cash or similar low-risk assets until the system generates a bullish market signal.
A typical mutual fund is very large and it always stays invested, in good times and bad times, in good securities and in underperforming securities. Add in costly fixed fees, and almost zero manager ownership of securities in the mutual fund, and you get a recipe for poor performance. Most mutual funds fail to beat their benchmarks.
PNN Capital Management is different
We invest our own money in the securities we buy for you.
We patiently wait to buy deeply discounted securities.
We’re small so we can buy or sell securities quickly and cheaply.
