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Alternative Market Briefing

Agilith North American Diversified Fund ends December +5.8% ( +44.4% 2012)

Friday, January 25, 2013

Bailey McCann, Opalesque New York: 2012 ended on a high note for Canadian firm Agilith Capital. The Agilith North American Diversified Fund ended december up +5.8% and ended 2012 up 44.4% in total, putting the fund in the top decile for funds in North America. The fund, which started in 2007 is up +105.7% since inception. The fund is designed to offer Canadian investors a diversification over the resource-heavy TSX.

The fund takes on high conviction positions, favouring stock picking over indexing with the belief that superior returns are a direct product of superior business models. The fund is also designed to quickly capture market inefficiencies and extremes in investor sentiment. According to the firm's quarterly market commentary, the firm noted that it was able to perform despite a sluggish end to the year, through the resiliency of the the US economy and improvement in the housing market.

Despite continued fiscal uncertainty, the firm expects a return to normal household formation and slight growth in consumer spending to go along with it. They note that the move by central banks to continue easing policies, is also leading to an expansion in the credit markets that will help to foster global growth. Agilith also points to the slight shift in US Fed policy that will stop easing in the US once unemployment reaches 6.5%. The firm says that while the Fed is projecting 2015 before this number is achieved, US growth could be positioned to hit that target soo......................

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