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Post seeks to provide a superior performance record in each of its investment strategies, compared to the relevant benchmarks, with lower volatility than such benchmarks by:
- utilizing a consistent, value-oriented investment philosophy with a focus on downside protection.
- assembling a talented, experienced team of motivated investment professionals.
- emphasizing intensive research from the bottom up - one company at a time.
- actively managing the portfolios based on changing circumstances and market conditions.
It is our sound process and commitment to quality that we believe will produce competitive results in the future.
Post's investment philosophy is designed to deliver superior performance with below-average volatility. The firm has consistently applied the same philosophy since its inception. Post believes that superior performance is achieved through the consistent identification of three specific attributes: (1) Value Identification, (2) Downside Protection and (3) Risk Diversification.
Value Identification: Post has a talented staff of experienced research analysts who devote substantial effort to identifying securities which it believes are misunderstood and/or mispriced by the market. Post attempts to invest where it believes it has a research "edge" - which often means middle-tier companies that are underfollowed in the market. This is an active, ongoing process of constant monitoring to detect changes in underlying credit quality. When a variety of securities are available in a given capital structure, selection is again based on the best risk/reward.
Downside Protection: The key to high yield performance is minimizing losses. This involves both qualitative and quantitative analysis: investing in companies with stable business profiles, and selecting securities which are generally more senior in the capital structure.
Risk Diversification: Post is committed to maintaining a diversified portfolio. Each investment portfolio has individualized investment guidelines delineating exposure and diversification limits by issuer, issue, security type, credit rating, maturity, and duration.
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