Altavista Core Equity Strategy
Our internally managed equity strategy emphasizes large to medium capitalization U.S. stocks and the American Depository Receipts of larger foreign companies. We employ a focused and opportunistic approach to stock selection. Utilizing a top-down analytical framework, we identify attractive sectors based on current economic conditions. A portfolio of 21 to 35 stocks is then assembled. The candidates for inclusion in the portfolio generally possess a higher degree of financial strength and earnings consistency than other companies in their respective industries. The portfolio is designed to be less volatile than its benchmark, the S&P 500, and is intended to be the foundation of a diversified investment portfolio. Click to review a description and list of the 15 largest holdings currently in the Altavista Core Equity portfolios.
Complementary Equity Strategies
Our Fixed Income approach emphasizes high quality, liquid securities. We match the portfolio to the client’s income needs. Internally, we employ a modified ladder approach to the construction of bond portfolios, taking into account our current view on interest rates. When a more active total return approach to bond management is appropriate we employ Medallion Capital Management of Davidson N.C., founded by one of the country’s most outstanding bond managers, under a sub-advisory arrangement.
Alternative Investment Strategies
Our approach also uncovers opportunities in investments beyond stocks and bonds, such as real estate and commodities. Publicly traded real estate investment trusts ,indexes as well as professionally manged funds are employed, where appropriate, to capture the returns offered by these asset classes.