We are at our core value investors purchasing companies we believe to be selling below their intrinsic business value. In our experience, purchasing companies at a discount to their value minimizes risk while potentially providing solid returns. We remain patient investors, not market timers, with a long-term time horizon of generally three years or more. We believe that over time, the price of a stock will rise to reflect the value of the underlying company and view every stock purchase as if we were buying a piece of a business – not simply a stock certificate. Our research leads us to build focused portfolios, sufficient for diversification, but concise enough for our best ideas to have a meaningful impact on investment performance.
When building balanced portfolios for our clients, we emphasize building wealth and protecting principal using risk management strategies designed to limit the adverse affects of volatile markets. Our Global Income strategy is designed to participate in rising markets, perform in sideways markets, and protect our investors during down markets. We utilize our unique scenario analysis in developing appropriate allocations for our clients based upon various fundamental valuations of economic and market indicators while also considering Federal Reserve policy, the current fiscal environment, geo-political risks, and most importantly, our clients’ personal risk aversion.
At Altrius, we believe that the following key principals drive the markets, and as a result our investment management process:
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Top down economics drive market cycles, market segments and ultimately individual security prices
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Value is critical; we will not pay more for a security than we believe it is worth, with full confidence that the market will reward the intrinsic value inherent in the security overtime
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Patience is vital to our long term results; we do not make extreme short term changes in response to fleeting market events; we invest for the long term and believe reward is driven by consistency of process
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On an individual security basis, we are committed to a fundamentally driven investment management approach built on a deep understanding of each company we consider investing in; as total return managers, we have the agility to move within the capitalization and security structure to identify, and invest in, the best value on behalf of our clients
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We believe in the pursuit of a total return portfolio on behalf of our clients, one that provides the best combination of up and down market capture to ensure long term risk management and results