Steady risk levels strongly benefit investors. Many funds change their risk exposures significantly over time, loading investors with unwanted exposure or depriving them of opportunities for return. Even worse, traditional risk management too often ignores non-normal distributions; as a result, catastrophic losses occur. Coburn Barrett’s proprietary risk management targets a specific annualized volatility and maximizes returns at that level of risk. (The GLI Fund is targeted at the risk level of broad equity index like the S&P 500 or the MSCI World). Our extreme diversification shields investors better from disasters than traditional risk management.