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| Growth Strategy Update |
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Heading into 2010 we are excited by the year ahead. Our practice has now fully transitioned itself to a
discretionary platform. Once again, we wish to take this opportunity to thank our clients for their patience in
allowing our business to evolve into a discretionary practice. We know you have been looking forward to
the changes and in particular the Growth Strategy.
See the full PDF version of this month's commentary as well as the archive in our Market Info Section.
We have put in place a risk management system that
freely allows us to execute our money management techniques with effectiveness and efficiency.
As a recap, discretionary management gives us the ability to be in control of every trading decision (the entry, every aspect of the management, and the exit) in real time and without the need to contact each client. We have looked for a stronger platform in which to manage assets. Discretionary status now gives us the ability to manage the risk much more efficiently. The marrying of our time-tested strategy for trading equities with a discretionary system, allows us qualities like speed, precision, and accuracy in our trading. Over time these qualities will be positively reflected in our performance. Clients will not have to deal with the day to day decisions. Therefore, going forward we will have a monthly “State of the Union” address where we will highlight aspects of our Growth Strategy, such as a market update, current holdings, performance, etc. We welcome the challenge of a much more actively managed practice that will drive performance and growth for our clients, while employing strict capital preservation and risk management techniques. NOW, with all that said this will be our first official update on our Growth Strategy. This report will cover positions held into late December and will include relevant market information as of today, February 4th. We entered 2010 with our clients aligned and assets transferred into the strategy. We will review the positions we held for the majority of our discretionary clients. Of course, some did not hold all of these positions as they were transitioned after a few were bought. Going forward, clients will all be in balance. However, for the purposes of this exercise we wanted to use one of the early entries with maximum positions held. The performance was very similar across all accounts and this report will serve to illustrate our risk management and how we handled the Growth Strategy during this challenging sell-off. The subsequent pages will detail the following:
See the full PDF version of this month's commentary as well as the archive in our Market Info Section |