Elm Funds

Jack Jones · Post by **Jack Jones** » Tue Nov 24, 2015 12:21 pm

Anyone ever consider investing with them?

http://www.elmfunds.com/

foglifter · Post by **foglifter** » Tue Nov 24, 2015 12:30 pm

Is there a particular reason behind your curiosity?

Jack Jones · Post by **Jack Jones** » Tue Nov 24, 2015 1:06 pm

foglifter wrote: Is there a particular reason behind your curiosity?

I just stumbled upon it, have spent the last few hours reading, and I respect the opinions of forum members here.

Need I say more?

foglifter · Post by **foglifter** » Tue Nov 24, 2015 2:12 pm

I just wondered if there was something specific about them that drew your attention. I have no opinion on Elm, never heard of them. Their FAQ makes it clear that they won't mess with smaller clients:

For our US private fund, the minimum investment is $2mm, for our Separately Managed Accounts at Fidelity the minimum is $300k, and for our offshore private fund, the minimum is $1mm.

Jack Jones · Post by **Jack Jones** » Tue Nov 24, 2015 2:42 pm

foglifter wrote: I just wondered if there was something specific about them that drew your attention. I have no opinion on Elm, never heard of them. Their FAQ makes it clear that they won't mess with smaller clients:

Their Active Index Investing approach seems interesting, and the fee seems reasonable.

Jack Jones · Post by **Jack Jones** » Wed Nov 25, 2015 10:22 am

Okay, here's what I like:

1. Highly diversified portfolio.
2. Value and momentum overlays
3. Rule-based.
4. Transparent
5. Low fee

Here's a link to their latest report that includes their baseline, and desired (after applying overlays) asset allocation:

http://www.elmfunds.com/upload/us/october_2015.pdf

I don't see anything that would preclude one from implementing this themselves by trailing their strategy by following the report.

This is the white paper that their strategy is based on:

http://www.elmfunds.com/upload/research ... um_v27.pdf

MG, I think this would be up your alley.

WildAboutHarry · Post by **WildAboutHarry** » Wed Nov 25, 2015 4:59 pm

One or two of the principals seem to be graduates of Long Term Capital Management.

Either that is good (they learned from their mistakes) or bad.

Jack Jones · Post by **Jack Jones** » Wed Nov 25, 2015 9:13 pm

WildAboutHarry wrote: One or two of the principals seem to be graduates of Long Term Capital Management.

Either that is good (they learned from their mistakes) or bad.

Yeah they seem to be doing things differently: no leverage, mostly ETFs and mutual funds (I did see Oil futures), no shorting.

Elm Funds

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