Prior to founding Hilton Capital, William Garvey was managing more than 100m in fixed income assets. It was during this period that he came to believe that he could maintain the stability of a fixed income portfolio while generating additional income and growth of principal with the addition of other income producing securities such as dividend paying common stocks and preferred equities, REITs and MLPs, among others. Thus, the Hilton Capital Tactical Income Strategy was born.
It’s important to understand that this is more than “picking stocks” to complement a fixed income portfolio. All potential investments are approached from a global macro-economic perspective, taking into account fiscal/monetary policy, interest rates, commodity pricing, government policy and general business conditions. Based on these perspectives, a top down analysis is assiduously applied to identify sectors and individual companies which fit the desired risk and income profile based on fundamental analysis of balance sheet, credit quality and income stability. In this process companies in which to invest are identified, as well as where in the capital structure investments will be made.
The entire Hilton team was imbued with William Garvey’s disciplined approach to evaluating risk, balance and diversity. The portfolio is created with a strict focus on diversification and an understanding of the historical correlations of the assets to each other. Hilton Capital utilizes a formalized process to continually evaluate and adjust the portfolio and every move is overseen by an investment committee that adheres to the following rigors:
The three core tenets of our client-first approach guarantee:
The decision making process is a team approach amongst the Chief Investment Officer William Garvey and Portfolio Managers Alexander Oxenham, Craig O’Neill and Tim Reilly.