Our Investment Objective

1. Provide institutional quality fixed income and dollar currency management to individuals, as well as to large pools of institutional capital.
2. Manage in such a manner as to achieve well above average returns for our clients.

Our Investment Style

1. Interest Rate Anticipation. Based upon the economic fundamentals, we forecast future interest rates and make the appropriate investment moves based on that forecast. We also employ technical tools in order to enhance shorter-term returns. These fundamentals are designed to achieve higher returns.
2. In doing so, we adhere to the following principals:
   1. Never take excess credit risks (A-quality bonds or better when purchased)
   2. Accept market risk (volatility)
   3. Never use derivatives
   4. Always manage for total return

Statement of Conviction

We believe interest rates can be reasonably projected by the proper interpretation of the correct economic model. Historical empirical evidence reveals that the highest-ranking model is Austrian . We have used this dynamic model for years, and it has worked exceedingly well. Of course, past performance is no guarantee of future results.