Investing in the Private Sector

H factor system gives you all the scores every day for all stocks out there. The more concentrated your portfolio around the lowest h factor names, the better. So long, 20 names, with the smallest ame, was up 38 % last year. Now we have that product where's the same 50 names, was up around 28%. You're going to get a much higher standard deviation, a much larger amount of volatility. It gets normalized in the process. All of those one time events, things like that, all get normalized at that point in time. We are telling investors a completely new and different story. And we're not only telling them ta story, we're supporting that story with