Front Range Approach + Systematic Discipline
As a Denver-based investment organization we know the front range is unpredictable. For centuries, it has acted as a natural selection device, testing those unprepared. Every traveler and enthusiast faces a combination of altitude, terrain and weather that may test previously undiscovered limits. Those of us who live here know that extra training, effort and curiosity can yield an extraordinary experience.
Experience...finding the balance of confidence and humility
We have learned from various organizations, personal relationships, market cycles and investment decisions over the past 30 years. We seek multiple perspectives, disruptive ideas and demand continuous improvement.
Unique Strategies...the most skilled craftsman uses all the tools
Markets are unpredictable, our investments are designed to be adaptable. We have experience modeling, allocating and trading a diverse range of asset classes available for portfolio construction. Many components are necessary to navigate the entirety of the economic cycle.
Research Driven...we develop expectations, compare outcomes, reconcile differences and seek to minimize surprises.
We believe that the probability of investment success can be raised with self-examination and intellectual effort.
Changing Environment = Changing Allocation
Seeking a better approach to equity investing
Asset classes with higher volatility are less effective when held as a static portfolio allocation. Strategic allocations, based on averages lack the ability to adapt to market extremes.
Investment regimes can stray from long term averages significantly.
Adapting to the environment
These regimes are best defined by:
These regimes can be sustained or impeded by exogenous factors:
We believe that the combination of these factors can be used to establish a more appropriate allocation for the current environment.
Daily evaluation of risk AND reward
Our process seeks to increase (decrease) exposure when we are more (less) likely to be compensated.
Developing the tools to achieve 360 degree portfolio optimization
Strategically aligned with client objectives, tactically equipped to navigate market changes.
- Lower risk tolerance and/or income focus…more efficient equity component enables lower overall capital commitment to equites and increased allocations to higher priorities.
- Capital appreciation focus…supplement risk and return characteristic with tactical components and non-equity return drivers. Static equity holdings above 40% generally suffer from diminished risk adjusted returns.