Active

The Active strategy consists of sector, sub-sector, style and international investments that have greater return characteristics than the overall market. The Active portfolio is benchmark agnostic. We can have a maximum exposure of 30% in one sector and a minimum of 0%. This strategy was designed to achieve capital appreciation with low fees, low turnover and minimal taxes. Our objective for the Active portfolio is to seek higher returns with slightly more risk than the Core portfolio by tactically investing in high quality sectors, sub-sectors, styles and international investments that are out of favor or undervalued. Benchmark is the S&P 500. Inception: September 2002.

Fact Sheet

Buy-Write
Main Management’s Buy-Write portfolio is a long only equity and fixed income strategy that seeks to generate income and dampen volatility from selling covered calls on its underlying holdings. The Buy-Write strategy seeks to generate an income stream from selling covered calls at the money, or slightly out of the money, on multiple asset classes. This strategy was designed to achieve capital preservation and provide income with low fees, low turnover and minimal taxes. Our objective for the Buy-Write portfolio is to seek superior risk adjusted returns by investing in multiple asset classes and to generate premium income by selling covered calls, at a monthly duration, on the underlying investments in the portfolio. The underlying asset class selection is supported by fundamental research with reversion-to-the-mean coupled with a catalyst. Benchmark is the CBOE BXM. Inception: September 2004.
Fact Sheet

All Asset
Main Management’s All Asset or Core Endowment Portfolio (CEP) is a multi asset class strategy that provides exposure to U.S. Equities, International Equities; Developed and Emerging, Fixed Income; U.S. Treasury Bonds and Sovereign Debt, and Diversifying Investments[1]. The Objective of the All Asset strategy is to provide investors with tax-efficient, equity-like returns with substantially lower risk than the S&P 500 index[2]. We tactically allocate amongst the aforementioned asset classes from a broad list of ETFs depending on our proactive forward view of the markets. We look for undervalued asset classes that have a catalyst to revert back up to their appropriate valuations. Our risk management includes controlling volatility through diversification, allocating to non-correlating asset classes and selling covered-calls on a portion of the equity position. The option overlay helps to dampen volatility and at times will provide an additional income stream. In addition to separately managed accounts, the All Asset strategy is managed in LP form and is a choice on Nationwide’s COLI/BOLI platform. Benchmark is 70% MSCI AC World Index NET - 30% Barclays Agg. Inception: November 2006.
Fact Sheet

International
Main Management's International portfolio is a long only international equity strategy allocated amongst countries with clear risk reward tilt. We screen the universe of developed and developing countries ex the U.S. and focus on low market capitalization to GDP ratio, low price-to-earnings growth (PEG) ratio, current account/GDP ratio and current political and balance sheet risk. Our Investment Committee includes international expertise. Benchmark is the MSCI All Country World ex US index. Inception: December 2007.

Fact Sheet

Global Macro Long/Short

Main Management's Long/Short strategy uses over 130 years of global markets expertise from our investment committee and advisory board. Long and short positions are established simultaneously in highly correlated ETFs that have experienced a recent divergence in price, pair-trade non-correlated sectors, styles, and asset classes, and option premium harvesting when risk/reward analysis warrants. The Portfolio Manager will operate within a band of plus/minus 20% net long/short on an ongoing basis and will employ leverage when deemed necessary. The process includes top down and bottom up fundamental analysis as well as technical analysis. Benchmark is the HFRX Absolute Return Index. Inception: May 2008

Fact Sheet

Currency

Main Management's Currency strategy seeks to invest in the short term debt of fiscally responsible countries pursuing sound monetary policy.  The portfolio aims to hedge against U.S. dollar debasement and the resultant loss of purchasing power relative to a basket of global currencies. The strategy actively allocates among a combination of Developed and Emerging Market debt and may invest in Precious or Industrial metals. Benchmark is the Deutsche Bank Short US Dollar Index. Inception: November 2010.

Fact Sheet

For more information about Main Management
and the above strategies please contact us
415-217-5800

[1] Diversifying Investments are defined as non-correlated assets that consist of investments made for purposes other than generating returns from investments in U.S. and foreign equity markets or fixed income securities. These may include but are not limited to Treasury Inflation Protected Securities (TIPS), Commodities, U.S. Real Estate, International Real Estate and Currencies.
[2] We believe, consistent with expert research and scholarly opinion that diversified and disciplined asset allocation is an effective approach to generating equity-like returns with a reduced risk profile.