Through the use of quantitative analysis; our well-researched investment process uses a consistent approach whose fundamental goal is to find market tendencies that do not change over time. Our research team examines market data for relationships among movements in prices, detecting frequencies or repetitive behavior hidden within thousands of pieces of raw price data. The models are skilled at locating trading opportunities that have favorable reward to risk characteristics. In practice, this systematic process dictates that we close many positions with a small loss in order to provide downside protection, but it also ensures the discipline to stay in profitable positions in order to achieve possible long-term gain for our investors. In either case, our investments reflect our trading models' assessment of the market itself, not a trader's emotional response.