At HCM, we believe that all Global Capital Markets are linked to some degree and never truly independent of one another. Consequently, correlations, valuations and volatility change and cycle within this self correcting system.

Markets are, in general, inefficient in the short term.  Some sectors and segments of the global marketplace are more inefficient than others for a myriad of reasons.

HCM incorporates a "Top Down" macro-economic approach to exploit short term inefficencies and longer-term trends generating attractive absolute and relative (risk-adjusted) returns.

It is not necessary to take on excessive, high levels of risk (volatility) to generate these attractive returns. By actively managing Asset and Sector exposure and diversification, we minimize volatility while maximizing risk adjusted returns.