Proprietary Investment Strategies
Value delivered through proprietary investments
Beating the market is no easy thing, and we attempt to do so only where we believe we have seasoned professionals with a high-conviction investment philosophy and a performance edge. All internal strategies must meet a high bar compared to the competition within their investment categories. Because we combine that standard with the breadth of knowledge on our Multi-Manager Investment Team, we have something unique and incredibly strong.
US & Non-US Equity
- Custom Portfolios
- Intermediate Bond
- Tax-Exempt Municipal Bond
- Total Return Bond
Disciplined Equity
The Disciplined Equity Strategy is a tax-efficient, large-cap U.S. equity strategy with a focus on leading companies that generate significant free cash flow.
Four important factors drive its strong results:
- A focus on bottom-up fundamental analysis to identify quality companies to invest in for the long term.
- An emphasis on free cash flow.
- Opportunistic buying and disciplined selling.
- A right-sized team, committed to the Strategyâand to clientsâaveraging 17 years' industry experience.
Fund managers
Patricia Bannan, CFA
Head of Equities & Managing Director
Brant Houston, CFA
Managing Director
James L. Farrell, CFA
Managing Director
All Cap Growth
The All Cap Growth strategy seeks to outperform the market by investing in quality, high-growth companies, experiencing strong and visible growth. The strategy has a high active share and the ability to invest across all market capitalizations.
Three important factors drive its strong results:
- Quality growth: focuses on quality, high-growth companies with strong near-term and long-term growth prospects and positive business momentum.
- High conviction: conviction-weighted portfolio with high active share
- Flexible: ability to invest in companies across the entire market capitalization spectrum.
Fund managers
Robert C. Bridges
Managing Director
John Huber
Managing Director
International Growth
The International Growth strategy focuses on high-quality international companies that sustain higher-than-average earnings growth over extended periods of time. The strategy employs a fundamental bottom-up stock selection process while maintaining sector and geographic awareness.
Three important factors drive its strong results:
- Diversified growth: seeks companies that derive the majority of their revenues and growth internationally and have sustainable business models with above-average earnings growth.
- High conviction: conviction-weighted portfolio with high active share.
- Multi-cap: ability to invest in companies across all market capitalizations.
Fund managers
Daniel P. Delany, CFA
Managing Director
Matthew K. Scherer, CFA
Managing Director
Equity Income
The Equity Income strategy's primary focus is on total return, with the ability to invest in high-quality common stocks, Real Estate Investment Trusts (REITs) and Master Limited Partnerships (MLPs) that exhibit dividend growth greater than the market. The portfolio aims to provide lower volatility than the overall market.
Three important factors drive its strong results:
- Attractive dividend growth: seeks securities growing their dividends at an above-average rate.
- High conviction: high-conviction portfolio of companies with above-average revenue, cash flow and earnings growth.
- Flexible: ability to invest in a range of income securities including dividend-paying common stocks, REITs and MLPs.
A Non K-1 version of the strategy is available that follows the same investment process except in order to simplify client tax reporting, the strategy does not invest in securities that generate K-1s.
Fund managers
Robert C. Bridges
Managing Director
John Huber
Managing Director
Gordon Scott, CFA
Managing Director
Mid-Cap Growth
The Mid-Cap Growth Equity Strategy is a tax-efficient, U.S. mid-cap equity strategy that seeks long-term capital appreciation by investing in high-quality companies with excellent business models that generate consistent, strong financial returns.
Three important factors drive its strong results:
- A stringent philosophy and process for assessing business models, determining quality and identifying consistent growth prospects that have been successfully utilized since the Strategyâs inception
- An adherence to strict risk controls to avoid exposing clients to undue risk in our estimation
- A notably experienced and stable team including co-portfolio managers with over 20 years' tenure together on the Strategy
Fund managers
Jonathan Piskorowski, CFA
Managing Director
Bryan G. Reilly
Managing Director
Income Opportunities
The Income Opportunities Strategy is a tax-efficient, income-generating U.S. equity and fixed income strategy that seeks current income and long-term capital appreciation by investing in high-quality companies with significant free cash flow.
Three important factors drive its strong results:
- A diversified source of income and asset class exposures to generate income with growth outpacing inflation.
- A disciplined investment process with a focus on quality.
- A notably experienced, committed team averaging 18 years' industry experience.
Fund managers
Gary E. Pzegeo, CFA
Head of Fixed Income & Managing Director
W. Brant Houston, CFA
Managing Director
Sean Usechek
Vice President
Large Cap Growth
The Large Cap Growth strategy aims for growth with low volatility by investing in large market capitalization companies. These are high-quality companies that are generally dominant in their industries and that exhibit above-average earnings growth and strong competitive positions. Three important factors drive its strong results:
- Established: focuses on companies with capitalizations generally above $10 billion and above-average earnings growth.
- Competitive advantage: invests in companies that exhibit strong competitive positions, high levels of earnings visibility, strong profitability and superior management.
- Consistent growth: seeks stable companies with consistent, long-term growth.
Fund managers
Robert C. Bridges
Managing Director
John Huber
Managing Director
Gordon Scott, CFA
Managing Director
Global Sustainable Equity
The Global Sustainable Equity strategy integrates environmental, sustainable and governance (ESG) considerations with traditional, fundamental analysis to generate unique insights into high-quality companies. The strategy seeks to mitigate risk while incorporating compelling thematic narratives designed to identify opportunities that lead to enhanced returns.
Fund managers
Matt Scherer, CFA
Managing Director
Jim Farrell, CFA
Managing Director
Hedge Funds of Funds
Alternative strategy that seeks to reduce overall portfolio risk through diversified hedged strategies with low correlations to traditional asset classes.
Three important factors drive its strong results:
- A "top-down" and "bottom-up" institutional investment process that combines dynamic portfolio construction and pragmatic risk management delivered in an institutional framework.
- A flexible hedge funds structure that can cope with non-normal asset prices.
- A notably experienced and stable team including co-portfolio managers with over 14 years' industry experience.
Fund managers
Ohm M. Srinivasan, CFA
Head of Manager Research & Alternative Investments & Managing Director
Jigar Patel, CFA
Managing Director
Energy Infrastructure
Energy infrastructure investments, including master limited partnerships (MLP), seek to generate high absolute returns on a consistent basis while managing risk primarily through investments in midstream oil and gas securities, such as pipelines, storage and processing facilities, as well as clean energy holdings, such as electric utilities.
Fund managers
Paul M. McPheeters, CFA
Managing Director
Adam Karpf, CFA
Managing Director