Former CIO Scott Minerd, who passed away in 2022, developed the approach. It’s a distinctive framework that draws on lessons from behavioral finance to decentralize decision-making among groups focused on macro research, sector research, portfolio construction, and portfolio management. Each group uses a deliberate, slowed-down process to avoid mistakes. This fund and its siblings have very strong records, including over the more than three years since Minerd’s passing.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GILDX’s performance objective and investment process is for both security selection and portfolio construction.
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