Brian F. McCafferty

Provides global investment solutions to institutions and individuals

Stratton Management Co.'s investment process begins with an examination of the client’s risk tolerance, investment time horizon, need for current income, and their expectations for portfolio growth. Once this assessment is complete, a portfolio is constructed consisting of the proper allocation between equity and fixed income securities and among the different sectors of each of those two asset classes. Stratton offers various institutional model portfolios, each of which is quantitatively based and and fundamentally refined. These models include Large-Cap Value, Mid-Cap Value, Small-Cap Value, and Real Estate. Stratton’s Large-Cap Value product employs a combination of quantitative and qualitative research to identify undervalued large-cap equities with superior capital appreciation potential. The firm's Large-Cap Quantitative Model calculates a weighted composite of valuation, earnings and price movement measures. This reduces the overall Large-Cap universe to a more manageable group of attractive candidates. Once this group is established, qualitative research is conducted to identify potential buy candidates. Stratton's Mid-Cap Value and Small-Cap Value products employ the same strategy but are differentiated in the size of the companies in which they invest. Stratton’s Real Estate product employs a combination of quantitative and qualitative measures, including underlying real estate values, earnings multiples, geographic and tenant concentrations, balance sheet metrics, company strategies, and management track record, to identify the most attractive securities on a relative valuation basis within each property sub-sector. Based on this criteria, stocks that appear undervalued relative to peers, and have identifiable fundamental catalysts are buy candidates.^

Provides asset and investment advisory & risk management solutions

SCM is an objectives-based investment manager that aims to generate strong risk-adjusted returns through their customized and mutual fund-managed investments that cover a range of strategic asset categories. The firm includes environmental, social and governance (ESG) considerations in their investment process across some equity and fixed income strategies.

Functions as a College/University

JS Asset Management (JSAM) is a value-oriented investment management firm specializing in Large-Cap Value and All Cap Value strategies. They seek significant long-term performance returns by investing in undervalued companies that possess identifiable catalysts that will drive the stock price higher over the next one to two years. The firm may search for companies based on low p/e, low p/s, low p/cf, 52-week lows, price to recovery EPS and liquidation value. The firm also seeks to identify supply/demand imbalances that result in broad or sweeping changes in entire sectors or industries. JSAM attempts to identify stocks as close to the inflection point of improving fundamentals as possible to reduce any period of underperformance. They weigh the tradeoff between valuation and future value prospects of a security in terms of their conviction in the catalyst and the potential return of the stock. As valuations become more attractive, and assuming fundamentals and catalysts of the company stay intact, JSAM becomes more aggressive in buying. JSAM's process is bottom-up driven often resulting in underweight and overweight sectors with respect to relevant style benchmarks. Often a catalyst, particularly those that are more macro or supply/demand oriented, that affects a specific company may also apply across an industry or sector. This will result in significant under or overweighting of sectors. JSAM's Large Cap Value portfolios typically hold around 40 stocks and their All Cap Value portfolios may hold 50 to 60 issues. The firm believes it is important that each position size reflects a stocks appreciation potential. As a result, JSAM's top 10 holdings typically account for about 50% of each portfolio. In general, the firm tends to invest in the finance, electronic technology and consumer durables sectors. JSAM maintains a medium turnover rate.