A small- to mid-cap equity strategy. Investments are made opportunistically, on a risk-adjusted basis. Portfolio construction reflects the Portfolio Manager's views on macroeconomic trends and business cycles.
A valuation-aware process, but names across the spectrum are investigated: value, core, and growth. The resulting portfolio profile maps core. Approximately seventy-five percent of holdings are in the market capitalization of the Russell 2500 Index.
Macroeconomic framework developed and monitored by the Portfolio Managers broadly informs portfolio construction and risk profile.
3-year audited track record across a variety of market cycles.
Portfolio Managers: Tom Maher, Alex Oxenham
Investment Vehicles: SMA and selected investment platforms.
“This process is bottom-up in nature...we start with ‘where are the great stock investment ideas we have identified?’”
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Last Updated December 31, 2023
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Individual securities are selected via a disciplined bottom-up process based on deep fundamental analysis and valuation considerations. Catalysts are identified to track each company’s improving prospects, along with their individual risk/reward profile to assess upside and downside potential.
Diversification and balance versus the Russell 2500 are taken into account, though there are no “must own” stocks, industries, or sectors.
The firm’s six to 18-month outlook on economic trends, regional forecasts, and other macroeconomic signals informs overall portfolio strategy and sector weightings.
“We look to participate in up markets and protect the downside in more challenging periods. The ability to critically assess business models is essential to success over a whole market cycle.”