Pison's investment strategies are based upon these guiding principles:
Capital markets are not perfectly efficient and therefore present attractive investment opportunities for disciplined investors.
Innovative research that blends creativity with modern financial theory and statistical techniques (art and science) is the foundation of a successful investment process.
A systematic approach to investing that combines intuitive, fundamental thinking with quantitative techniques is likely to generate persistent, and attractive risk-adjusted returns.
Attention to risk and efficient implementation may preserve and often enhance performance results.
Clearly defined objectives, transparency, and access to talented investment professionals helps to achieve client satisfaction. The firm's investment activities fall into two broad areas:
Absolute Return |
Relative Return |
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Strategies focused on the delivery of absolute returns, with low targeted correlation to traditional asset classes. |
Long-biased and benchmark-relative investment strategies focused on major, liquid asset classes. |
We talk at length with institutional investors in order to fully appreciate their needs and goals, and then tailor investment solutions to fit. These solutions may involve a single strategy or several, could be domiciled in the U.S. or offshore, and can be run by Pison or an independent trustee.
Separate Managed Accounts |
Private Funds |
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Separate Managed Accounts (SMAs) are portfolios tailored for individual clients’ unique risk and return appetites. They can include - or exclude - particular strategies, asset classes, industries or individual securities, as desired. SMAs also offer investors the tax advantages of directly owning individual securities and the expert advice of a professional money manager. |
Also called "commingled funds," private funds include limited partnerships and other pools of capital that are invested according to particular strategies or in specific baskets of assets, and are managed by Pison portfolio managers. By pooling resources with others, investors in private funds can benefit from some of the advantages of larger investors, such as lower trading costs and access to certain strategies. |