Travis D. Connors

SA seeks to generate superior long-term capital appreciation through a focused portfolio of companies that they believe to have dynamic businesses with leading and defensible market positions. The firm employs proprietary fundamental research ad emphasizes specific security selection rather than asset allocation. They look for investments that they believe offer favorable asymmetric expected return profiles over the coming three-year period and to possess catalysts to unlock value. SA's portfolio construction approach includes the objective of issuer and industry diversification. Generally, clients authorize the firm to invest their accounts primarily in publicly traded securities, shares of mutual funds and ETFs, and securities options contracts. The securities held in client accounts may include, among other things, common stock, preferred stock, partnership interests, limited liability company interests, and fixed-income securities.