Idea Generation | Due Diligence | Decision Making | Portfolio Management | Sell Discipline

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Decision Making

In order for a security to make it into our funds, it must be presented at the investment team meetings for review and discussion. The investment team meets twice a week, where formal presentations are given. After the presentation, a discussion ensues where additional questions are generated and additional diligence items are identified. The floor is open to a 360° review, as all portfolio managers and analysts participate and provide their thoughts.

After the additional information has been researched, the investment team makes a decision of whether to approve, inventory or reject the idea. In doing so, they look for errors of commission and omission, distinguish between bad luck and bad judgment and contemplate process improvements.