Seasons Capital Management, which was launched last year by Ravi Kaza, is planning to launch the Seasons Aggressive Fund at the beginning of 2005. The fund will be co-managed by Kaza and Spencer Wang.
Seasons Aggressive will have more exposure to small and mid-cap companies and, over time, more exposure to the international markets, including emerging markets, than the core Technology Fund. The fund will also have more concentrated positions than the flagship fund, with individual positions reaching as much as 10% at cost.
Seasons Aggressive will target a higher annualized net volatility of 10%-15% and correspondingly higher