Identify
the event
Examine what could change, when it may occur, and which outcomes matter.
HEDGE FUND INVESTMENT MANAGEMENT
A catalyst-driven
hedge fund.
Johnson Randall manages Catalyst+, an equity and options hedge fund strategy for eligible investors. We combine fundamental research, identifiable market events, and deliberate position construction.
THE CATALYST+ FRAMEWORKJ | R
C+
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JOHNSON | RANDALL
A focused investment partnership.
A clearly defined process.
01 — THE STRATEGY
A catalyst is
the starting point.
Inside Catalyst+ Events change the outlook.
Research shapes the response.
Corporate actions, regulatory developments, and other company-specific events can change an investment’s outlook. We examine the event, the underlying business, and the expectations reflected in market prices.
Catalyst+ brings that research together with position construction, ongoing monitoring, and exit planning.
02 — THE DISCIPLINE
From research
to execution.
Four connected decisions.
One deliberate investment process.
Identify
Evaluate
the business
Assess fundamentals, valuation, and the consequences if the thesis is wrong.
Structure
the position
Evaluate premium, exposure, collateral requirements, and potential losses.
Monitor
and reassess
Review developments and adjust or exit as the thesis, pricing, or risk changes.
03 — RISK MANAGEMENT
Risk management.
Throughout the lifecycle.
Catalyst+ evaluates the opportunity alongside the exposure it creates. We consider potential losses, assignment and funding obligations, liquidity, and how positions may behave together.
As catalysts unfold and market conditions change, we reassess the thesis, the position structure, and whether to maintain, adjust, reduce, or exit the exposure.
Explore our approach to riskUnderstand the obligation.
Evaluate potential loss, collateral, and what assignment could mean for the exposure.
Look at risks together.
Consider shared risk drivers, funding needs, and events or expirations that cluster.
Reassess as conditions change.
Review the thesis and remaining protection as pricing, liquidity, and exposure evolve.
Option premium and protective positions do not eliminate investment risk. Losses can be substantial, including the possible loss of all invested capital.
04 — THE PARTNERSHIP
Two complementary
perspectives.
Our experience blends catalyst-driven investing, options-based portfolio construction, securities law, and firm operations. Together, these perspectives connect fundamental research and corporate disclosures with deliberate execution, risk oversight, and accountability.
05 — PERSPECTIVES
Ideas worth
examining.
Explore insights THE STOCK MARKET PLAYBOOKEP. 52
Carley Garner on volatility, commodities, and black swan risk.
View podcast playlist
THE STOCK MARKET PLAYBOOKEP. 51
JJ VwapTrader on market manipulation, short squeezes, and trading.
View podcast playlist
Podcast discussions are educational commentary. Guest views and securities discussed are not a record of fund positions or performance, personalized advice, or a recommendation to invest.
BEGIN THE DILIGENCE PROCESS
Start a
conversation.
Contact our team to discuss the strategy and the diligence process.
Contact the team Fund materials are available only to eligible prospective investors, subject to applicable requirements.