Focus on “high-quality” companies.
Company’s “business risk” is primary risk control factor.
Fully diversified portfolio by sector and country (if applicable).
Individual security weights initiated at 1% to 5% of portfolio.
“Position Review” report when a portfolio holding declines 20% absent an industry or broad market decline.
Re-validate reasons for original purchase or sell position.
Chief Investment Officer and Portfolio Managers meet to review, discuss, and explain each strategy’s portfolio positioning.
Formal research meetings to discuss and evaluate portfolio holdings and overall industry trends.
Oversees all business and regulatory risk
Oversees all investment and strategy risk
Produces all reporting and quantitative measures of risk
FactSet Attribution and Performance Analytics
MSCI Barra Risk Model
ICE Liquidity Risk Management
Evaluate Business Risk
We start by understanding a company’s business model, competitive advantages, financial strength, and ability to sustain earnings.
Construct High-Quality Portfolios
We build portfolios of what we believe are the highest-quality companies, while carefully managing position sizes and ensuring thoughtful diversification.
Monitor, Review & Adjust
We regularly monitor our companies to ensure they continue to meet our definition of quality.
Our 20% drawdown review and independent oversight help ensure risks are managed consistently and with discipline.
