Tradition manages both stock and bond portfolios as stand-alone and balanced accounts. Within our equity portfolios, we seek companies with strong sustainable businesses. These businesses will exhibit above average profitability and free cash generation and above average secular growth. Stock purchases made at discounts to our estimate of intrinsic value, or with a margin of safety, help produce strong risk-adjusted returns. Margin of safety, preservation of capital, and positive risk-adjusted returns drive our mandates. We believe in participating in the growth of quality companies purchased at reasonable prices. We also selectively include asset or value plays that have a catalyst—like new management, restructuring or a product launch that will improve the business and set the company on a course for quality growth going forward.
Our experienced, knowledgeable and dedicated investment team is passionate about owning individual stocks of quality companies. We are not traders trying to outguess the market; rather, we are business and security analysts making an investment that, in our opinion, will provide a suitable risk-adjusted long-term return. Our process is focused on getting to know the business drivers: products, services, brands, assets, research pipeline, patents, networks, competitors, and supply/demand. Estimating the value of the business and buying the stock at a discount to this estimate of intrinsic or business value. We are a research and process driven asset manager focused on long-term performance.
Tradition claims compliance with the Global Investment Performance Standards (GIPS®) and has verification for the performance reports detailed below. These are available upon request.
- Absolute Income Strategy Fact Sheet - February 2018
- Absolute Income Strategy Presentation - February 2018