Investment Management
Businesses, nonprofits and institutions often accumulate assets that are separate from operational funds. These assets may represent endowments, working capital reserves or funds designated for future growth. In each case, they deserve an investment approach grounded in your mission, risk tolerance and financial objectives.
We begin by conducting a comprehensive assessment of your organization’s circumstances, financial goals and the specific constraints you face as a steward of institutional capital. From that foundation, we build an investment approach and asset allocation plan around your priorities and fiduciary responsibilities. At each step, experienced portfolio managers deploy institutional-caliber investment vehicles to support your broader organizational objectives.
As an SEC-regulated registered advisory firm and fiduciary, we remain committed to your organization’s best interests. Every decision follows one standard: what serves your organizational goals most effectively.
Investment Capabilities
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Global Asset Allocation Review
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Equities
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Fixed Income
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Alternatives
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Individual Stocks and Bonds
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Exchange Traded Funds
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Mutual Funds
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Private Partnerships
Diversification Across Classes and Market Segments
A long-term philosophy dedicated to quality and risk management.
Top-Down
We start with a top-down analysis to judge overall market risk versus return. Portfolios are structured based on our outlook for the market, economic conditions and our view of the absolute and relative attractiveness of each major asset class.
High Quality Individual Stocks
Every portfolio is created and managed independently. Our independent research screening generates approximately 150 large companies that meet our quality criteria, and focuses on 30-40 well diversified individual stocks that are attractive today. We will often scale into positions.
Great Business Focus
We focus on high quality, financially strong, low debt, high cash flow businesses with proven and shareholder-friendly management. We like companies with a “wide moat” (high competitive advantages). The majority of the companies we invest in have a history of reliably increasing their dividends. We look to buy “great businesses” when they are attractively valued. We seek value in undervalued sectors and in temporarily out-of-favor companies.
Global Diversification
When desired and appropriate we may add low cost index funds and carefully researched active mutual funds to achieve the potential diversification benefits of international equity exposure.
Fixed Income
We construct portfolios of high quality, intermediate individual bonds and/or carefully researched bond funds to provide capital preservation and portfolio cash flow.
Strategic Income
To diversify overall portfolio risk and enhance returns, we search for more credit sensitive, higher yielding income investments with opportunistic risk/reward characteristics. This portion of the portfolio is tactically allocated based on economic conditions and interest rates.
To further diversify and lower overall portfolio risk and volatility, we may add alternative investments and hedging strategies to portfolios, as your individual investment strategy may dictate.
Diversifying Strategies
Our proprietary solutions target the market inefficiencies associated with niche strategies and underfollowed companies, with an emphasis on low beta, low volatility, positive alpha and reduced correlation to the broad market.
Active Hedging
We actively hedge within each proprietary alternative strategy and across the portfolio to drive significant alpha, lower beta and manage volatility.
