Investment Process

DT Investment Philosophy
Our investment philosophy focuses on asset allocation and portfolio construction, which academic research has shown to be the largest contributors to long-term portfolio returns.

Balance: We employ an active management style that seeks to provide attractive risk-adjusted returns while balancing principal growth with income requirements in various market environments.

Consistency: We strive for low volatility and consistent returns by stressing diversification and finding the optimal mix of asset classes for a client’s risk profile and return objectives.

Outcomes: Our investment process utilizes fundamental, valuation, and technical analysis to tactically shift between asset classes to capture the benefits from both fundamental valuation changes and price momentum.

 

Asset Allocation
Over the past decade, financial markets have become more global and dynamic in nature. There are new classes of investors (private equity, hedge funds, sovereign wealth funds) with different investment objectives. The worldwide dissemination of information is more efficient than ever. As a result, certain asset classes have become so efficient that it has been extremely difficult for long-only investment managers to outperform market indices based upon security selection decisions. The bottom line is that economic fundamentals are no longer the sole determinant of asset class returns. We believe that these fundamental changes in the investment landscape make tactical asset allocation methodologies favorable.

Learn more about our Asset Allocation process and approach

 

Fixed Income
We strive for low volatility and consistent returns by stressing diversification and minimizing interest rate risk by constraining duration bands. We utilize fundamental and technical analysis to tactically shift between fixed income asset classes to capture the benefits from both fundamental valuation changes and price momentum. We recognize that the compounding effect of income is traditionally the largest contributor to fixed income performance.

LEARN MORE ABOUT OUR Fixed Income PROCESS AND APPROACH