Provide an actively managed approach to traditional tax-exempt market opportunities in either a risk-focused “Duration” or “Targeted” maturity approach. We evaluate and invest on a relative value approach which also offers consideration to benefits of State preference.
We manage to a clear “no surprises” philosophy that seeks to maximize risk-adjusted fixed income returns. Starting with a thorough understanding of a client’s objective, we seek to control market risk factors (Interest rates and Credit) consistent with goals and exploit excess risk adjusted return through robust proprietary fundamental analysis. We call this our Six-Risk Factor approach.