Asset Management Firm
Deploying tactical investment themes based on proprietary value-driven models.
by capitalizing on the most compelling macro themes of our time.
in mining exploration
help create the world's new economic metal deposits.
and risk-adjusted returns
over the long term with low correlation to common benchmarks.
The Value of a Negative
Downside Capture Ratio
The Crescat Global Macro Fund has a Negative Downside Capture ratio since inception. Hear Kevin’s commentary here: Watch Video Here › See disclosure below.
Crescat Precious Metals
Fund vs. Benchmarks
The Crescat Precious Metals Fund has outperformed all of its relevant benchmarks since inception. Hear Kevin’s thoughts here: Watch Video Here. See disclosure below.
Crescat Hedge Fund Strategies
Crescat Global Macro Fund
Crescat Institutional Macro Fund
- Crescat’s flagship fund and its most comprehensive strategy
- Exposure to all the firm’s macro themes
- Ability to invest in any asset class long and short
Crescat Precious Metals Fund
Crescat Institutional Precious Metals Fund
- Specialized precious and critical metals mining funds
- Activist exploration focus
Crescat Long/Short Fund
- Traditional long/short equity hedge fund
- Seeks to deliver alpha from long and short stock picking combined with macro themes
Composition
CRESCAT’S INVESTMENT PROCESS
Primary Values & Supporting Methods
- Development and expression of tactical macroeconomic themes.
- Proprietary valuation-based research.
- Quant models
- AI Quantamental Equity
- Macro
- Precious Metals
- Energy
- Hiring of industry professionals whom we consider to be experts in their field.
- Risk management that embraces volatility to realize intrinsic value.
OVERARCHING MACRO THEME: THE GREAT ROTATION
Related Subthemes
- Megacap Tech Overvaluation
- Recession Watch
- Widening Credit Spreads
- Yield Curve Steepening
Related Subthemes
- Entrenched Inflationary Pressures
- Government Debt & Deficit Challenges
- Stagnating Growth
- Weakening US Dollar
Related Subthemes
- Precious Metals Mining
- Energy Transition Metals
- Agricultural Commodities
- Oil & Gas
- Commodity Rich Emerging Markets
Unsustainable Disequilibrium
Excessive valuations and investor overcrowding in US megacap tech stocks in our view represent the biggest risk to the overall US stock market and economy today. Continue Reading Here ›
The History of US Dollar Cycles
Macro regime shifts often stem from systemic imbalances, where excessive concentration of capital in certain sectors, asset classes, or currencies reaches saturation points, leading to a major reallocation of resources. Continue Reading Here ›
*Performance figures presented represent the fund’s net returns calculated without the impact of the San Cristobal Mining, Inc. (SCM) Side Pocket that was designated on July 1st, 2024. The SCM Side Pocket includes a private equity asset that is not available to new investors in the funds on or after July 1, 2024. This asset was included in the fund performance prior to that date. Excluding the SCM Side Pocket after that date provides a clearer view of the performance to investors coming into the funds after July 1, 2024. New investors cannot participate in the SCM Side Pocket and will not share in its potential gains or losses. Investors should consider both the overall performance and the performance excluding the side pocket when evaluating the fund’s returns. Fund performance, including the SCM Side Pocket, can be found on the firm’s website here: https://www.crescat.net/performance/. Returns for the most recent month are based on internal estimates which have the potential to change once finalized. Additional disclosures regarding risks and performance presented are found here: https://www.crescat.net/due-diligence/disclosures/
