Traditional Long-Only Managers
Traditional Long-Only Managers…in Summary
- Typically invest in stocks, bonds and cash
- Purchase “Long-Only” securities; Do not “sell short”
- Manage Investor “Separate Accounts” and/or Mutual Funds
- Typically securities/funds purchased have daily liquidity
- Do not offer “Alternative Investments” (see “Alternatives” section of Website)
More specifically, Traditional Long-Only Managers Invest in a Range of Stocks, Bonds and Cash Instruments
Equities
- Varied types of investment strategies, market-capitalization size and geography:
- Style of Investing:
- Growth
- Value
- Core/Blend
- Market Capitalization Categories:
- Large Cap
- Mid Cap
- Small Cap
- Geographic Focus
- US
- International (non-US)
- Global
- Regional
- Country Specific
- Emerging Markets
- Style of Investing:
Fixed Income/Bonds
- Varied types of investment strategies & issuer types including:
- US Government Treasuries
- Municipal Bonds
- Corporate Bonds
- Convertible Bonds
- High Yield Bonds
- Target Date Bonds
- Foreign Sovereign Bonds
- Emerging Market Debt
- Asset-backed Securitized Bonds, etc.
- Ratings and Other Factors
- Ratings: Investment Grade/Non-Investment Grade
- Detailed Ratings Systems Managed by Rating Agencies (Moody’s, S&P, Fitch)
- Secured Debt/Unsecured Debt
- Senior Debt /Subordinated Debt
- Guaranteed/Insured
- Subject to Varied Risks:
- Credit and Default Risk
- Liquidity Risk
- Interest Rate Risk
- Event Risk
Cash & Cash Equivalents
- Cash
- Held for Safety and Liquidity Purposes
- Cash Equivalents
- Types of Securities
- U.S. Government Treasury Bills
- Bank Certificates of Deposits
- Bankers’ Acceptances,
- Corporate Commercial P
- Mutual Funds and other Money Market Instruments.
- Desired Characteristics
- Low-risk
- Highly Liquid
- Types of Securities