They believed they had a responsibility to provide stability and management continuity to their investors, so they asked themselves a key question: If a portfolio manager left the firm, how could they keep funds going strong?
They pioneered a plan. By dividing portfolios into sections and giving each of the existing managers a portion to administer, no portfolio would be too dependent on a single person.
This distinctive way of managing money became The Capital SystemSM. By incorporating the highest conviction investment ideas of each manager in a portfolio, we aim to both increase the diversity of those ideas and reduce the volatility of a fund, which can give investors a smoother ride in bumpy markets.
For illustrative purposes only.
An innovative idea then and now, our unique multiple portfolio manager system has become a defining feature of our success. Distinct in the market and diverse in its strategy, The Capital System has helped many of our funds generate attractive long-term outcomes. See more on the Capital System and our investment approach.