Philosophy
Our mission is to generate superior risk-adjusted returns not correlated with general market performance. We specialize in alternative investments through a strongly diversified approach across both asset classes and geographic regions.
Liberfield Capital's mission
In a challenging environment with stretched public market valuations, we seek to shield our investors from general public market risk by pursuing opportunistic investments that meet our criteria.
Diversification is applied across asset classes, so that no single market determines the outcome, and across geographic regions, so that no single economy, currency or regulatory environment does either. The following beliefs inform our fund's decisions.
The beliefs that inform our decisions
Inefficient Markets
We believe that trying to deliver consistent, superior alpha in today's highly efficient public markets is not always a viable strategy. Consequently, while we do hold some public equities, our main goal is to generate profits in less efficient markets, where our knowledge and skill can deliver better risk-adjusted returns.
Volatility and Risk Control
We believe market volatility, as well as social and political instability, may be a defining feature of the markets in the next decades. Consequently, we seek to design strategies that will either be sheltered from its impact, or significantly profit from it.
Global Approach
We believe growth in this century will come through increased exposure to non-domestic assets, especially in private assets in emerging and frontier markets. An emphasis on international investments also allows us to hedge USD risk and take advantage of global trends in markets with superior price structures.
Value In Trends
We work towards identifying how 21st century changes will affect different facets of life, and thus different asset classes. We seek to invest in overlooked opportunities that have the potential to benefit from the main social, political and economic shifts. At the same time, we may also act on opportunistic investments that may have been mispriced.
How these beliefs are applied
- Volatility
- Our volatility arbitrage strategy is the most direct application of our view on volatility: relative value positions in the pricing of volatility, managed from a generally market-neutral perspective.
- Trends
- Our alternative real estate strategy applies our view on social and economic change to physical assets, one property at a time.
- Global
- Our global opportunity strategy applies our view on international exposure to private equity, venture capital and long/short equity.