TAMIM Alpha Fund
The goal of the Fund is to achieve long term capital growth by investing in Israeli and Israeli related companies, generating returns that constantly outperform the relevant benchmarks.
The Funds investment strategy is based on fundamental and comprehensive research of companies and industries in Israel. The Fund follows a private equity approach while investing in listed companies.
- Value - Valuations are paramount in this strategy and investments will generally be into high tech or industrial companies with a distinct technological advantage. Investments will be made with a strong margin of safety when comparing price to valuation.
- Growth - This strategy provides access to the Israeli innovative edge - focusing on companies with significant growth potential.
- Special situations - The smallest allocation of the four strategies however it provides the potential for the highest return through investments in corporate actions with significant upside potential.
- Hedging - The Fund purchases downside "insurance" for the portfolio through index put options which are out of the money and long dated. This strategy is designed to protect the portfolio in the case of a significant market correction as well as provide the opportunity to invest when equities are severely oversold.
About the Israeli opportunity:
Israel ranks 2nd in the world in expenditure on research and development as a percentage of GDP.
Israel contains the largest number of start-ups and NASDAQ-listed companies in the world outside of North America & China.
450+ Listed Equity Companies
64 cross-listed abroad
3 in the Top 200 globally.
12 Nobel Laureates.
More than 270 multinational corporations (MNCs) have established more than 320 advanced R&D facilities throughout the country to take advantage of Israeli innovation. The list includes the likes of: Google, Apple, Facebook, Microsoft, Intel, Yahoo!, Motorola, HP, Siemens, GE, GM, IBM and Cisco.
Largest single tech R&D locally is Intel with