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Investment Philosophy


A well diversified global portfolio, enhanced by Tactical Asset Allocation, can offer investors the most consistent, risk adjusted returns.

Studies have demonstrated that "Asset Allocation" decisions account for more than 90% of the variance of an investment portfolio's return1; manager selection, cost and other factors account for the remaining less than 10%.

1 G.P. Brinson, L.R. Hood and G.L. Beebower, "Determinants of Portfolio Performance II: An Update", Financial Analysts Journal, May-June 1991, p. 40-48.

What is Tactical Asset Allocation?

Price and value often diverge, creating opportunity. Tactical Asset Allocation is a dynamic investment style that adjusts asset allocations to TAG's forward view of the relative risks and returns of various asset classes. This is distinguished from Strategic Asset Allocation, a mechanical, passive process of rebalancing portfolios back to their original allocations; the weakness of this approach is its failure to allow for new information.

Why Global Portfolio?

Global capital markets are critical to the choice of asset allocation. U.S. equities account for less than 20% & U.S. Bonds account for less than 30% of the total global capital markets. Additionally, currency exchange rates can multiply the local currency market's results.

Who Really is a Long Term Investor?

  • Would adverse investment results over a 2-3 year timeframe negatively impact the financial operations of your organization, of your personal life?
  • If the answer is yes, 10 and 20 year "historical average" returns may not come in time for your needs.
  • Proactive investment management can help get you past the short term, so you can enjoy the long term.