1789 Capital Management is an absolute return risk parity investment firm founded by Kevin Wert. We take our name from the year in American History when the U.S. Constitution went into effect, George Washington was elected the first president and the departments of Defense, State and Treasury were created. 1789 was the start of the nation’s grand experiment of protecting individual liberty by a government of the people.
The Fund’s strategy is centered on two basic assumptions. First, the monetary system of capitalism is inherently unstable, and successful investing involves protecting a portfolio from the inevitable credit cycles. Second, markets are largely efficient and generating alpha through security selection net of fees is a loser’s game.