1100 Connecticut Avenue, NW Suite 300
Washington, D.C. 20036
202-833-3700

 

Investment Policy Design

  • Customized portfolio approach - each client has a unique risk tolerance, time horizon and spending requirement, therefore each portfolio is different and customized with these factors in mind.
  • Active management works, but we also utilize passive or index strategies in the absence of alpha opportunities in certain asset classes.
  • Costs matter; we seek to minimize management and trading fees, evaluating managers on a net of fee basis and negotiating fees when possible.
  • We prefer concentrated, active managers and often avoid active managers who manage to an index or "hug" a benchmark.
  • Holistic approach to manager selection; managers are not evaluated in isolation, but must be complementary to the entire portfolio.
  • We will occasionally make tactical asset allocation recommendations for opportunistic or defensive reasons, but the Investment Policy Statement will always govern the allocation and allowable ranges.