Stock Portfolio Up 10.6% in August

The JSK stock portfolio finished the month of August up 10.6%. The portfolio handily outperformed the major indicies with the S&P 500 up 2.0%, the Nasdaq up 4.3% and the Dow Jones Industrial Average up 0.6%.

Year to date our stock portfolio is up 47.2%.

Investment Strategy

The JSK equity portfolio is a discretionary portfolio dedicated to providing superior returns on investments in all market conditions. The objective is capital appreciation and growth. The portfolio aims to achieve a high absolute rate of return by utilizing opportunistic trading principles and investing in short-term, event driven situations.

This is a long/short strategy, buying and selling short securities to enhance performance. Use of leverage and derivative securities will also be used to enhance returns.

Investment Objectives

JSK Partners implements the trading and investment strategies by establishing the positions as a pure equity long/short portfolio and investing primarily in US equity securities. The manager may use short sales to hedge the portfolio risk and leverage in the portfolio.

Investment Methodology

JSK Partners believes that a diligent and nimble investor can take advantage of short- and medium-term market inefficiencies. Opportunistic trading can produce opportunities for the company to manage the risk of overall market movements by simultaneously taking partially offsetting long and short positions in different equity securities where it has an informational advantage over the entities on the other side of the transaction.

Joseph S. Kalinowski, CFA