Portfolio Management and Investment Philosophy
Trapeze Asset Management Inc. (TAMI ) invests in undervalued securities
on a diversified basis. We do so by buying securities at a significant
discount to our appraised value. We seek to invest in companies which
meet certain fundamental value criteria, including:
- efficient balance sheet;
- solid earnings growth;
- trading at a low price relative to our appraised value;
- strong management team; and
- competitive market position.
Equity portfolios can be invested long only or hedged
using short sales.
Management of market risk is the key to successful investing and
peace of mind. Our value approach and investment strategies are
designed to preserve clients’ capital and achieve consistent
superior returns.
We also enjoy an exclusive license to a unique proprietary
methodology, Structural
Valuation Analysis (SVA™), to time purchases and sales
of individual securities, including short sales.
Personalized Accounts
We offer segregated client accounts that take into account clients'
individual requirements including risk tolerance, income needs,
and tax consequences.
Personal Relationships and Comprehensive Reporting
Continuing communication between you and your portfolio manager
/ investment counselor is critical. As your portfolio manager, we
need to know your objectives and circumstances and must be kept
aware of changes in your financial affairs in order to effectively
manage your funds. Accordingly, we encourage personal contact with
us and are available to meet with you regularly. You are kept informed
of your investments and our outlook via portfolio statements, tranTAMI tion
history, quarterly newsletters, annual tax reporting and ongoing
personal contact.
Administrative Ease
All cash and securities of TAMI ’s clients are custodied,
at no additional cost to TAMI clients, through TAMI ’s affiliate
broker/dealer, Trapeze Capital Corp. (TCC) and TCC’s
carrying broker, TD Waterhouse Canada Inc., where all cash and securities
reside. In addition, most of TAMI ’s trades are executed by TCC,
at competitive rates. TAMI and TCC have common ownership and share
certain personnel and facilities. The two organizations exchange
research ideas and strategies, both premised on the philosophy of
value investing. |
