Investment Management Process
Our investment approach is based on broad diversification among different asset classes, investment strategies and geographies. We spend significant time understanding a client's needs in order to construct an investment portfolio that will achieve the desired outcome. The execution of our investment plan is accomplished by selecting investment strategies where we see opportunities for attractive risk-adjusted returns.
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+ Overview
- Diversified investment portfolio consisting of both active and passive strategies
- Institutional quality investment managers
- Due diligence and oversight of all investment strategies
- Attentiveness to cost of investment strategies
- Customize investment portfolio for each client based on specific needs and risk tolerance
+ Process
- Our portfolios are tailored to the needs and objectives of each client
- Our portfolios are broadly diversified
- We place great importance on the preservation of clients' capital and
generally view appreciation as a secondary goal
- We seek to add value both through prudent asset allocation and the selection of high quality investments
- We are objective, independent thinkers who perform in-depth research on our investment strategies
Our approach is not "product centered" like traditional brokerage firms and we receive no compensation for generating transactions. Due to our simple and transparent fee structure, our single goal with our clients' investment assets is to prudently grow their capital while minimizing the risk of permanent loss.
+ Principles
Our investment strategy is the result of years of experience, and it has been continually refined over time. Over the years, we have identified certain ideas that are fundamental to our process and guide our investment efforts.
- We pay close attention to valuation and believe it is a significant determinant in long-term returns.
- We are not short-term traders - we are investors with a long-term time horizon.
- We are contrarian by nature and are generally opportunistic when others are fearful and cautious when others are greedy.
- We believe in the benefits of diversification.
- We believe most markets are not perfectly efficient and opportunities exist to add value through active management.
- We believe in certain markets a passively managed component can be an effective complement to the active strategies
- We are opportunistic and are constantly searching for areas of the market that are ignored, out of favor or offer some opportunity that has not been widely recognized.
- We are not sales or marketing oriented - we are investors who specialize in managing client investment portfolios.