Our investment philosophy is to grow our clients’ assets over the long term. We do this by striving for consistently positive returns, while preserving capital through downside risk mitigation.

•          We believe in the value of active management;

•          We believe in being agnostic to investment choices, capitalizations, sectors and styles;

•          We believe in dynamic risk management, which is a key differentiator;

•          We believe in clarity of communication and responsiveness to clients;

•          We believe in adaptability, and the constant seeking of positive changes;

•          We believe in doing what is right for our investors.

Our main emphasis is to maximize returns and minimize risks within the mandates of our portfolios through investments in high quality, liquid securities.

Our main emphasis is to maximize returns and minimize risks within the mandates of our portfolios through investments in high quality, liquid securities.

We seek to own a few differentiated businesses with enduring competitive advantages, favorable prospects, and exceptional economic characteristics. Our concentrated portfolios are representative of our very best ideas at any given time. We like to say they’re go-anywhere, all-cap portfolios meaning we have few restrictions on geography, sector or market capitalization. This approach allows us to go wherever the investment opportunities are.

We employ rigorous analysis of macroeconomic indicators to develop our medium and short-term view of the market, which guides us in developing the structure of our portfolios.

We place emphasis on medium-term or secular themes when constructing the core portion of the portfolios. Some of the set themes include the trend toward disinflation/deflation, global competition, debt burdened consumer, aging population demographics, and erratic market returns.

Bespoke tailoring meets portfolio construction 

Before accepting any investment mandate, our clients’ investment requirements, tolerances and constraints are first assessed to ensure that we can create a portfolio that meets expectations.

The first step in constructing a fixed income portfolio is to determine the duration of the core portion of the portfolio, followed by the allocation of securities along the yield curve. These are the two most important determinants of total returns.