Our Investment Philosophy

HAV Capital was founded by a team of experienced investors who believe that the interests of our clients come first. Our global markets investment products are geared to deliver returns in a volatile and uncertain environment. And our fees are based on the belief that if our clients don’t profit, we shouldn’t either.

Investment Products for Global Markets

Based on behavioral finance, our investment philosophy takes advantage of investors’ biases which create mis-pricing in asset markets.  Academic research has demonstrated that building low volatility portfolios of securities tends to generate above market returns over time.  In addition, global products give you the most opportunity to generate returns since we can measure valuation across a multitude of asset classes and therefore, expand the universe of profitable investment opportunities.

HAV Global Macro

HAV Capital LLC HAV Global Macro investment product logo

We believe you should be paid for taking risk. We also believe in the process of reversion in the markets. Asset classes with relatively high risk premia relative to risk free assets outperform assets with relatively low risk premia.

We put these concepts to work in building our Global Macro portfolio. We track risk premia for global equities, global bonds, commodities, and real assets over time using proprietary tools to decide when to initiate concentrated long or short positions in those asset classes. We also overlay our view of currencies to arrive at the final portfolio.

Global Macro Fund Investment

In a world of ultra-low interest rates, increasing debt, increasing government intervention, aging population, unsustainable entitlement programs, the kinds of companies in which we invest will have cash to return to shareholders, cash for acquisitions, cash to buffer the volatile economic environment.

The portfolio ranges from +200 to -100% exposure. We do not use significant leverage and we meticulously monitor risk factor exposures to assure a diversified portfolio.

We believe a concentrated global portfolio of these types of companies, identified through financial statement analysis and thorough research, will outperform the markets in the coming decades.


HAV Global Equity

HAV Capital LLC HAV Global Equity investment product logo

Companies that consistently generate high free cash flow outperform the markets in the long term. The equity in these types of companies tends to protect capital in down markets. Their share price volatility is often lower than the market averages. They pay generous dividends and have the capacity to maintain or even increase those dividend payments in poor economic environments.

Global Equity Investment

In a world of ultra-low interest rates, increasing debt, increasing government intervention, aging population, unsustainable entitlement programs, the kinds of companies in which we invest will have cash to return to shareholders, cash for acquisitions, cash to buffer the volatile economic environment.

We believe a concentrated global portfolio of these types of companies, identified through financial statement analysis and thorough research, will outperform the markets in the coming decades.