We seek differentiated sources of return to achieve investment objectives, while focusing on capital preservation and long-term, after-tax returns.
Cash Investment Strategy
Cash balances in banks and brokerage accounts are the bedrock of financial strength and stability. That does not mean that cash should be sleeping and not contributing to wealth accumulation. Most Fortune 1000 companies and investment institutions actively invest their cash, yielding considerably higher than rates offered by banks. Our Cash Investment Strategy seeks to preserve principal while generating higher returns than money market funds and bank deposits. The investments consist of government, agencies, corporate, mortgage and asset-backed sectors in the investment grade universe.
STRATEGY CHARACTERISTICS
Number of holdings: 6 strategies with 200 to 400 publicly traded issues. Target portfolio duration: 0.7 to 1.50 years. Target yield: LIBOR+0.5%. Benchmark: BBgBarc Govt/Corp 1 Yr Duration TR USD
STRATEGY INCEPTION
2010
Global Equities Strategy
In the world of "indexing" and "robo advisors" we still follow high-conviction investment process based on sophisticated in-house fundamental, macroeconomic and quantitative analysis to target excess long-term returns. This Strategy selects and invests in global companies that are high in quality, strong financially, provide strategic global growth and have the disciplined approach of rewarding shareholders through dividends or stock buybacks. A portion of the Strategy is allocated to tactical and thematic opportunities driven by global macro disbalances, “new economy” and M&A/Special Situation arbitrage.
STRATEGY CHARACTERISTICS
Number of holdings: 30 to 40 publicly traded issues. Target average market cap: $45 to $80 billion. Target average dividend yield: 2.75%. Benchmark: MSCI ACWI NR US
STRATEGY INCEPTION
1998
Private Equity & Real Assets
We believe real assets and private equity investment strategies are essential for the long-term growth of capital. This Strategy allocates capital to private equity, real estate, infrastructure, and commodity projects by investing either in private transactions alongside entrepreneurs, private equity operators and family offices or opportunistically acquiring ownership in their publicly listed investment companies. We drive value creation through distinctive sourcing of investments, in-house capabilities developed since 1994 and deployed across 11 time-zones, our passion for investing, and the utmost respect for risk.
STRATEGY CHARACTERISTICS
Number of holdings: 15 to 25 private and public issues. Benchmark: MSCI ACWI SMID NR USD
STRATEGY INCEPTION
1994