Ken Turlington

TMC employs two investment strategies, Equity and Fixed Income, which tailor based on each client’s objectives, return requirements and tolerance for risk. In most cases, this results in a balance between the two strategies for each client. The firm’s equity strategy seeks to achieve long-term income and capital appreciation while attempting to manage portfolio risk. Analysis of stock investments is a bottom-up approach relying heavily on the fundamental analysis of individual companies. The strategy typically holds equity securities of approximately 25 companies. Their fixed income strategy seeks to provide stable income while attempting to manage interest rate and credit risk. Bond investments analysis emphasizes high credit quality and liquidity. Investments are typically in fixed income securities with short-to-intermediate maturities from one to ten years. The firm maintains a staff of investment securities analysts who conduct research into the stocks and bonds used in portfolios.

PSF-IM is managed by the State Board of Education (SBOE). SBOE continues to implement long-term strategic asset allocation, diversifying SBOE to strengthen the fund. PSF is invested in global markets and experiences volatility commensurate with the underlying indices. It is broadly diversified and benefits from the low-cost structure of its investment program.

Functions as a College/University

Securities firm

Provides stock brokerage and asset management services

Trust & investment services