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Oracle Fund Continues Growth Trend, Reports Second Quarter Performance of 4.45%
|By PR Newswire
|July 30, 2014 08:40 AM EDT
NEW YORK, July 30, 2014 /PRNewswire/ -- The Oracle Fund offers an opportunity to enter an investment partnership that's already shown tremendous potential for long-term capital gains, according to Fund Manager Javier Gonzalez. Oracle Fund's strategy effectively insulates it from the typical ups and downs of the market.
Naturally, Oracle Fund's primary objective is to build wealth for its partners. Annually, the fund's General Partner seeks to outperform most equity indices by 5 to 15%. Capital gains from the fund are continually reinvested, so the fund is ideal for those focused on the long-term economic picture rather than short-term gains. The Oracle Fund Partnership is administered by Core Fund Solutions, audited by Arthur Bell CPAs, and the General Partner is Wharton Global Capital.
Gonzalez contends that while many analysts have been shouting "correction," the market is in fact poised to move higher. "The bears have been roaring about the fragility of the market's record-setting numbers, but the fundamental and technical aspects are all reasonably solid. A vocal minority expects the bulls to keep running through 2014 and beyond. In other words, there's no sense waiting for what might only be a minor correction. Today is a fine time to invest, and Oracle Fund is a great opportunity to become part of something special."
"Federal Reserve Chairwoman Janet Yellen has promoted a monetary policy of continued low interest rates," Gonzalez added, "she is more dovish than predecessors like Greenspan and Miller. She notably prioritizes employment and will likely allow inflation to significantly surpass 2%. Can we get a more dovish Chairwoman than a Berkeley professor? While it might be optimal during an extreme recession, it might prove otherwise in a healthy environment."
The philosophy of Oracle Fund takes a contrary position to the much-ballyhooed Efficient Market Theory. The Partnership's global macro segment of the portfolio looks for cheap markets with positive catalysts. Currently, China looks attractive, as well as Brazil and Thailand. The investment manager looks for catalysts such as elections, financial regulation reform, or important changes in monetary and fiscal policy. Over the medium-term the excess returns might be tempting for some investors.
On the long/short side of the portfolio the focus is in the top of securities in terms of their businesses, their predictability, and technical factors.
Selection of investment securities for Oracle Fund follows two key principles. First, the Partnership endeavors to limit the risk of capital loss as much as possible. Second, investments with a realistic possibility of doubling are prioritized as part of the goal of seeing Oracle Fund itself double. At any one time, approximately 70 to 80% of the fund consists of 6 to 10 securities that share the aforementioned characteristics. The remaining 20 to 30% is spread among smaller positions. Of the roughly 8,000 publicly traded securities in the US, only about 1% meet the Partnership's rigorous criteria. But even with just 80 stocks from which to choose, Oracle Fund still achieves diversity.
Ample time is devoted to research as part of informing the Partnership's investment decisions. With his expertise in fundamental, technical and global macro factors, Gonzalez leads the research efforts, which include an examination of historical precedents and backtesting.
Despite the fund's strong quarterly earnings, Gonzalez cautions against making too much of short-term numbers. "Weekly, quarterly and even annual metrics can sometimes be distracting when the strategy is to take the long view," he explained. "In other words, we're much more interested in Oracle Fund's performance in five- year increments. That's where true wealth is created rather than in the effervescent cycles of boom and bust."
With the realistic expectation that Oracle Fund will continue to grow, the General Partner may elect to close the fund to outside investors in the next few years.
About Oracle of Investing Fund LP
Oracle Fund is managed by Javier Gonzalez, PhD through Wharton GC. The Oracle Fund™ is a long/short, global macro hedge fund. Fund Manager Javier Gonzalez holds a Ph.D. in Economics from the University of Pennsylvania.
Javier Gonzalez, Investment Manager
230 Park Ave, 10th Floor
Phone (212) 729 4318
SOURCE Oracle Fund
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