Michael Fisher

MLAM's worldwide approach to equity investing uses a philosophy of identifying relative value among individual stocks and stock markets by focusing primarily on two variables: reinvestment rate and the price-to-book value ratio. There are seven additional screens employed to further refine the process. The factors used to identify value include price-to-cash flow, price-to-earnings ratios, past and future earnings growth and dividend payouts. For asset allocation, a country whose market valuation measurements seem consistently above or below world averages or its own historical averages are over or under-weighted accordingly. The degrees of over or under-weighting are determined by relative economic prospects as measured by the outlook for GNP, inflation and interest rates of each country and their impact on currency movements. By combining a value approach to individual stock selection with asset allocation by country, the firm seeks to achieve consistent performance relative to international equity indexes. MLAM combines top-down and bottom-up analysis and uses proprietary models as part of their research process. Their funds are team-managed.

WRH Partners Global Securities' focus is on high yield bonds, although they may provide clients with advisory services on a wide range of investments, including, but not limited to, other corporate debt securities of any kind, equity and equity-related securities, bank debt, commercial paper, US or other government securities, credit default swaps, interests in master limited partnerships, bankers acceptances, CDs, and repurchase agreements. The firm provides investment advisory services utilizing a fundamental approach which includes both qualitative and quantitative analyses in evaluating potential investments. WRH uses high leverage and distressed securities to make investments. They invest in a variety of sectors including healthcare and life sciences, chemicals, telecommunications, environmental, information and data service providers, defense technology, paper, natural resources, packaging, media, food, retail and energy.

Functions as a College/University

Functions as a College/University

Provides brokerage services

Washington Corner employs a variety of credit-based strategies to achieve superior risk-adjusted returns across the credit cycle. Their investment strategies include distressed debt, special situations and relative value investing.