Value Equities PortfoliosFor clients with fixed asset allocation policies, we offer Global and U.S. Value Equity portfolios. Driven by our overall research and portfolio management disciplines, these portfolios benefit from the firm’s all asset research orientation, which we believe produces superior forecasts at the asset class level. This occurs especially during times of stress, when the equity portion of a company’s capital structure can be compromised to resolve financing requirements. Opposite effects are common during robust periods, when corporate actions favor equity holders over lenders.
All Asset Value PortfoliosIn these services, we exploit value opportunities across multiple asset classes in a single portfolio. Investment objectives of these portfolios are to generate attractive, absolute returns, while conforming to specified, absolute volatility targets. Targets range from low (comparable to bonds of short duration) to moderate (similar to the bond market overall) to high (comparable to equities). Portfolios are managed to achieve absolute returns at or above these volatility targets. These portfolios are contained in an All Asset Value Portfolio Series, offered by private placement memorandum.