How Canflim Investors Hed Their Portfolios in the Market

The technical aspect is a big part of what we do at ACM funds. And so how we adjust our exposure in the fund is that when those indices are in up trends and they're trading above all of these respective moving averages, our portfolio is basically unhedged. But then as each one of these indices begins to roll over and break down below these moving averages that we've used as overlays, then we start layering in our hedges. We hedge them using the index ETFs. So if the NASDAQ starts to roll over, we'll start shorting the QQQ against our long book.