Oxriver Capital times U.S. equity markets. It is long or leveraged when quantitative signals are good and short or mostly in cash when predictors of future stock returns are poor. The fund made money in every month in 2013. Back testing of the strategy indicates that the fund will outperform the S&P 500 after fees by a factor or two-to-one over 20 years. See the private placement memorandum and oxrivercapital.com for investment risks.