Insights

Insights

Arch Peregoff Featured in Authority Magazine

Arch Peregoff of Seabird Investment Partners: 5 Things To Look For When Hiring a Financial Planner or Financial Adviser Excerpt Below: “Arch Peregoff founded Seabird in 2016 and currently oversees the firm’s investment strategies with over 32 years of investment experience. He began his career in 1988 at the Riderwood Group in Baltimore, MD where he served on the Board of Directors before moving to San Diego to pursue a career independently managing client portfolios.“ See full article in Authority magazine

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Insights

Bluegreen Vacations Holding Corporation to be Acquired by Hilton Grand Vacations

BOCA RATON, Fla.–(BUSINESS WIRE)–Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company” or “Bluegreen Vacations”) announced today that it has entered into a definitive agreement to be acquired by Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV”) for $75.00 per share in an all cash transaction, representing a total enterprise value of approximately $1.5 billion, inclusive of net debt. See Full Article: (https://www.businesswire.com/news/home/20231106410750/en/Bluegreen-Vacations-Holding-Corporation-to-be-Acquired-by-Hilton-Grand-Vacations).

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Insights

How safe are your fixed income assets from inflation?

Let’s face it; there are few things in the world that have the potential to destroy the value of your assets like inflation. And what makes inflation particularly dangerous is the insidious way it slowly erodes the value of money – often without us even noticing. 

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Insights

In the field of portfolio management, age old consensus presumes that concentration and volatility always go hand-in-hand. But is this really true?

Certainly, Seabird credits much of our clients’ outperformance to their willingness to hold slightly concentrated portfolios. But have we been just unwittingly taking on risk? The volatility data below would be at least a couple of significant data points defying that conclusion: VolatilitySeabird:                  4.62%S&P Muni Index:  4.92% Maybe even more pertinent is our clients’ Upside/Downside capture: Seabird Upside Capture:             92.7%Seabird Downside Capture:         8.4%*Relative to S&P Municipal Bond Index benchmark But are we just fooling ourselves with data to draw a desired conclusion? Have we slipped into the hole of confirmation bias? Or is there a logical reason why concentration could reduce volatility? Might there be other portfolio characteristics acting to reduce risk and volatility? We have identified 4 clear reasons our portfolios of 15-25 names behave unusually well: We conclude that the willingness to defy an institutional norm – concentration – creates a sense of urgency with each investment decision that is largely absent in diversified portfolios. That urgency combined with clients’ willingness to adopt a style box defined by common sense – rather than institutional mandates – allows us to enjoy latitude which others don’t have; the latitude to avoid risk when and where we see it. -AP

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