Our investment focus is based on a simple premise… Some people are simply better at their job than others. Everyone knows of better dentists, carpenters or nurses – and everyone is familiar with that one student, that just ALWAYS got A’s.
In our research, some investment managers do a better job than most of their peers - whether it be higher returns, lower risk, better ‘downside capture’ ratios, etc. We like to pick those managers that simply do a better job – or as we like to say, the A student.
Some financial institutions simply talk about fees, and although that is important, the real story is how much of your return did you get to keep (which also ties into our tax planning focus).