The Victor Equity Fund

We don’t time the market. Experience has taught us that at any given time in the business cycle there are attractive opportunities to invest both long and short.

Management

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Rhys Williams, CFA

CIO

Rhys joined SRAM in 2019 and is CIO for our long/short equity strategy, The Victor Equity Fund. For over 25 years, Rhys has been managing capital. As a generalist, his sector experience is diversified across Consumer, Healthcare, Technology, Energy, Industrials, Business Services and Financial Services. The goal of his strategy is generate attractive total returns while outperforming the relevant hedge fund index (HFRX EH).

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David Ruffini

Junior Analyst and Trader

David joined Spouting Rock in February 2019 as a Junior Analyst and Trader.  David has been an Advanced Brokerage Specialist at Vanguard as a member of the Retail Investor Group’s Equity Order Desk. He was responsible for placing equity, ETF, and non-Vanguard mutual fund trades for retail investors.

Investment Process

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Objective

Generate double-digit net returns over time to investors, while also managing downside volatility.  The Fund also aims to deliver annual tax losses through stock-level tax-loss harvesting.

Investment Process

The Victor Equity Fund is a long/short equity hedge fund which invests across market caps, primarily in the U.S. We believe the key to portfolio management is found in individual stock selection. Deep fundamental analysis is at the heart of our investment process and has helped lead to long-term alpha generation. Our robust risk management and proprietary quantitative models help proactively manage downside volatility while deploying moderate risk.

o   Early identification of catalysts

o   In-depth understanding of industry and market factors

o   Identify strong management teams with competitive advantages and unique market positions

o   Look for short opportunities with weak leadership and limited market opportunities

o   Isolate companies with substantial revenue and earnings growth

o   Ascertain short candidates based on deteriorating fundamental

At A Glance

InceptionApril 14, 1998

Minimum Investment $1 million

Fees1%/ 20%

Investment VehiclesOnshore/Offshore

Lockup12 months

High Water MarkYes

Strategy Offered Through Private Fund