Harvey Sax founded The Insiders Fund in February 2010 after managing money in an identical fashion for over 15 years. His background includes founding one of the first internet companies in 1994, and his investment approach is uniquely shaped by having sat at most seats at the investment table, providing him with a 360-degree perspective on markets and investments.

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The Insiders Fund operates on a straightforward theory: insiders likely know their businesses better than others. The fund focuses on trading securities with significant insider purchases and sales, leveraging a unique approach that combines fundamental and technical analysis. It exploits insider behavior and the short swing rule, which restricts insiders from short-term stock profits. The fund invests in companies at or near prices that management has been willing to invest significant amounts of their own money in. The investment strategy avoids large owners (>10% shareholders) focusing instead on insider executives whose buying is considered a stronger indicator of future performance. The fund operates as a diversified, all-weather fund with complete liquidity and no lock-ups, investing exclusively in Level 1 securities to maintain tax efficiency and maximize trading opportunities through proprietary software. Harvey Sax's 360-degree investment perspective, aided by proprietary software for real-time technical monitoring, supports the fund's agile trading strategy, which often involves multiple trades in the same securities. The approach maintains strict risk management through liquidity, diversification, and leverage controls while capitalizing on insider trading patterns across market conditions.

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