Gunner Winston

TIC hedge funds seek capital appreciation through discretionary and quantitative trading and investing on a global basis, both long and short, across a broad range of securities and derivative instruments in the fixed income, currency, commodity and equity asset classes, both exchange traded and OTC.

Functions as a College/University

Ospraie Management focuses on directional investing in basic industry equities and commodities on a global basis. The firm relies on fundamental research to select and monitor commodities investments. They seek to determine microeconomic imbalances or inevitabilities that will drive a commodity's price over a medium or long term cycle. Ospraie's research process attempts to incorporate multiple variables that determine the end price of a commodity, including, but not limited to, the available supply of the commodity and the cost of production including extracting or harvesting, transporting, processing and distributing such commodity. It also incorporates current and projected demand for the commodity based on relative and absolute price levels and global economic factors. In addition, the relative availability of inventory in respect to a specified commodity to the world markets is factored into Ospraie's analytical model.

Merchants Gate Capital's primary investment objective is to generate absolute returns over a multi-year period through research-intensive long duration investments in equity and equity-related securities. The firm seeks to optimize returns through an intense fundamental research discipline and rigorous financial analysis. Investments, although concentrated in a relatively small number of positions, may be made across a broad spectrum of industries and geographies, with a strong emphasis on companies in industries that are not susceptible to rapid and unpredictable change. Merchant Gate focuses mainly on the following industries: energy and other Classic Basic Industries; Transports and Other Industrials; Retail and Other Consumer; and Business Services. The firm invests globally.