We apply an all-cap core investment approach that gives us the opportunity to maximize risk-adjusted returns by purchasing undervalued securities. Incorporating each client’s unique set of needs, we make investments that we believe will outperform over the long-term.

Equities
Since our inception, we have employed an all-cap core investment philosophy. From a top-down vantage point we look across the market continuum, investing in stocks that range from deep value to growth at a reasonable price (GARP). The purchase price of a stock remains one of the most important investment decisions. We focus on equities that are statistically cheap and trade at a discount to their intrinsic value. Our all-cap core approach provides diversification across a range of investment styles, capitalizations and market sectors and provides us with the flexibility to maximize a client’s risk-adjusted returns.

An important part of all our equity investment decisions is a bottom-up strategy evaluating a company’s intrinsic value. We look at three basic criteria when identifying value: financial metrics, differentiating factors and potential catalysts. Using these criteria, we invest in the following types of companies:

• Franchise companies that have suffered a temporary setback.
• Small-capitalization securities that are under-followed and our company knowledge give us a competitive advantage.
• Stocks that are undervalued relative to peers, industry and market.