We are exclusively focused on asset management in four strategies that benefit from our expertise in three inefficient market segments: small cap, mid cap and convertibles. We believe the overlap among holdings and/or issuers in our universes gives us an advantage in our research as many US Growth Equity holdings are successful US Small Cap graduates. Most convertible issuers are small to mid cap growth companies which gives us valuable credit insights into the financial strength of smaller companies to finance their growth.
US Small Cap
Offers investors attractive opportunities to diversify and capture the appreciation potential of a less widely-followed market segment in the U.S. equity markets. Small-cap companies typically demonstrate higher growth potential than larger companies.
Invests in equity securities traded on U.S. exchanges generally with market capitalizations within the range of the Russell 2000 Growth Index at point of purchase. Fully invested, diversified portfolios with approximately 75 -100 securities across a wide range of industries.
US Growth Equity
Offers investors attractive opportunities to diversify and capture the appreciation potential in one of the best performing segments of the U.S. equity market. Mid-cap companies typically enjoy the growth potential of smaller companies with greater global market penetration, more experienced management and stronger financial resources.
Invests in equity securities traded on U.S. exchanges generally with market capitalizations within the range of the Russell Midcap Growth Index at point of purchase. Fully invested, diversified portfolios with approximately 75 -100 securities across a wide range of industries.
Convertibles
Offers investors attractive opportunities to diversify their equity and fixed income exposure. Convertibles provide and opportunity to capitalize on the upside potential of the underlying equity with the downside protection of a bond. Our strategy provides small and mid-cap growth exposure with lower volatility and more compelling risk-adjusted returns. We expect the convertible to participate in at least 70% of the upside and less than 40% of downside performance of the underlying equity.
Invests in US dollar-denominated convertible and preferred stock securities. Fully invested, diversified portfolios with approximately 75 -100 securities across a wide range of industries.
Convertible Arbitrage
An absolute return strategy investing in convertible securities, offering diversification benefits in an investment program. We actively hedge the underlying equity exposure of each convertible security to control downside risk and profit from volatility.
Invests in US dollar-denominated convertible and preferred stock securities and typically shorts U.S. equities. Actively manage hedges to take advantage of fundamentals and volatility. Fully invested, diversified portfolios with approximately 50 -100 securities across a wide range of industries.