NITROGEN manages a low-volatility long/short equity hedge fund, managed on a fundamental basis with a value bias. The fund consists of two books; a long-term fundamental book and a short-term trading book. The fund’s investment universe includes JSE Limited listed stocks (including derivatives on these) and selected offshore stocks.
The fund aims to deliver superior risk-adjusted, absolute returns in all market conditions with a strong emphasis on downside protection through rigorous fundamental analysis. The strategy takes advantage of persistent structural inefficiencies based on the systematic mispricing of stocks, both on a short-term and long-term basis, with capital allocation to trades using their proprietary risk model.