Risk Management

In our efforts to optimize clients’ risk-adjusted investment performance, we focus not just on returns, but also on the risk incurred. Risk management is inherent to our security selection process through our focus on companies that: 1) we believe to be of high or improving quality, and 2) are trading at significant discounts to our estimates of fair value.

We are active managers. We understand that the only way to outperform a benchmark is to differ from it, which incurs risk. Thus, we also seek to mitigate risk through our commitment to thorough multi-dimensional company research, the construction of diversified portfolios and the rigorous application of our sell discipline.