Crescat Capital is a multi-disciplinary asset management firm, established in 1999 by Kevin Smith, CFA. We currently offer three hedge funds and two separately managed account strategies, with the goal of delivering significant alpha relative to their benchmarks. Through our proprietary value-driven equity and macro models and activist strategies, we aim for industry-leading returns with low correlation to common benchmarks, ensuring resilience across complete business cycles. Our unique approach distinguishes us from traditional quants and value managers, positioning us for success in today’s dynamic markets. At Crescat, our mission is to cultivate and safeguard your wealth over the long term. Our range of investment vehicles are crafted to meet diverse client needs across various asset classes.
Crescat Global Macro Hedge Fund: Our flagship hedge fund invests long and short around the world to take advantage of opportunities in any asset class. The strategy exploits both cyclical and secular macro themes throughout global equity, commodity, currency, and fixed income markets.
Crescat Long/Short Hedge Fund: The cure for the common index fund. Guided by Crescat’s fundamental stock-scoring model and macro themes, our equity-only hedge fund seeks to deliver alpha from long and short stock picking combined with intrepid navigation of the business cycle. This fund can be tactically net short in highly overvalued markets ahead of and during probable bear markets.
Crescat Precious Metals Fund: The fund is dedicated to activist positions in the precious metals mining industry. The manager navigates the cycle for gold and silver primarily through long-oriented exposures but may also employ shorts and modest leverage. The investment objective is long term capital appreciation with low correlation to the S&P 500 Index.
Crescat Large Cap SMA: An actively managed portfolio of global large cap equities. Crescat’s longest running strategy has outperformed the S&P 500 over the long term through multiple business cycles. It is a long-only, separately managed account (SMA) strategy. In extreme times, this strategy can hold up to 50% cash and precious metals to protect against expected macroeconomic shocks and or economic downturns. The strategy may also hold up to 20% equities outside of the large cap investible universe in companies that have the potential of becoming large cap companies.
Crescat Precious Metals SMA: A core macro asset class for a variety of economic conditions. Offers strong appreciation potential during both inflationary and recessionary environments. We navigate the precious metals cycle through this long-only SMA strategy focused on a well-researched portfolio of global all-cap gold and silver mining equities. Precious metals securities offer healthy long-term total return prospects with low correlation to more highly trafficked asset classes.