Denali employs a quantitative strategy to model investor behavior and capture opportunities in the marketplace. We use a proprietary forecast model to identify undervalued and overvalued securities, and use a fundamental approach to manage portfolio risk. The core part of our model uses dynamic factors to capture the dominant investor themes (e.g. the favoring of growth stocks, deep value firms, energy sector, etc.) such themes tend to persist over long periods of time. Our approach focuses on identifying and participating in these themes early in their life cycle as well as identifying when the themes become irrelevant.