Fixed Income. “Real income for real people” is the saying in our office that summarizes the objective of our fixed income portfolios. We offer a variety of taxable and tax-exempt strategies that are built on the foundation of generating a reliable stream of meaningful income. We maintain stringent internal credit requirements and invest in securities where we have a high degree of confidence in the issuers’ financial strength and our legal protections as bondholders.

 

Equities. We seek ownership in cash generative businesses with excellent management teams and durable competitive advantages, as well as asset rich companies which are under appreciated by the market. Our separately managed accounts take a private market approach marked by investment in a limited number of securities and low turnover.