Opportunistic Value Balanced
Background:
The firm was founded as an employee-owned, independent firm on July 1, 1998 by Al Beimfohr and John Prichard, CFA, who have co-managed the Opportunistic Value Balanced product since the firm’s inception. Al and John are supported by John Kittrell, PhD and Chad Neault in their research efforts. Knightsbridge personnel commit personal and retirement capital to the same stocks as clients.
Equity Investment Philosophy & Process:
Knightsbridge strives to perform in all market and economic environments. The firm, in its emphasis on ‘absolute returns’, invests opportunistically without regard to index characteristics and, where permitted, at times uses cash as a defensive tool. Stock purchases, as the result of the presence of an investment anomaly and being out of
favor, neglected, and/or controversial, are priced at a significant discount to historical company and peer group valuation levels. Portfolio holdings typically fall in the $1-$25 billion capitalization range although there are no rigid rules regarding market capitalization.
Fixed Income Investment Philosophy & Process:
We believe that our clients’ fixed income objectives are best met through purposeful active management with an emphasis on disciplined risk control and protection of capital.
We seek to opportunistically add value by investing based upon the relative attractiveness of all fixed income sectors and issuers, across the full spectrum of maturities. Interest rate fluctuation, bond market inefficiencies and special situations provide opportunities to add value. Credit analysis and security selection extend from our ongoing research and financial statement analysis. Where appropriate, investment returns are improved by taking advantage of discounts available with odd-lot market purchases.
Fixed income portfolios are tailored to each client’s objectives and include either tax-free or taxable bonds, depending upon the client’s tax position.
Composite Investment Performance as of 6/30/10
(Gross of Fees, in %)
Knightsbridge Information
Track Record Inception: January 1, 1992
Total Assets: $1.3 Billion
Number of Employees: 15
