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Our investment approach recognizes that to achieve long-term,
superior performance, there must be an acceptance of some short-term
risk. We then consider fundamental and technical factors in
determining a prospective investment’s risk-reward ratio. We also
evaluate social issues, such as environmental policies and employee
relations, as part of our investment assessment.
Overall market risk is
considered in the timing of investments and implementation of
hedging strategies. We seek to maximize portfolio performance and
manage volatility by reducing investment exposure during periods of
apparent high market risk, while increasing investment commitment
during periods of apparent lower risk.
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