LONG TERM VALUE 

We seek to generate asymmetry in our portfolio returns. We’re not looking to play the market game. That’s a reflection of investor psychology; it is a factor of risk and not a factor of return. 

The market’s psychological profile will change far more frequently than the Quality/Value profile of a great portfolio that is producing solid economically measurable value. 

Stability is Key
We firmly believe that stability and great returns go hand in hand; that a successful Tactical Asset Allocation program is the key to providing both great returns and enhanced stability. 

  • At GSI, we are focused on cushioning downside without compromising upside potential. Our research and experience has demonstrated that a balanced approach to markets wins time after time.   
  • More sophisticated allocation programs go beyond simply dividing assets between stocks, bonds and cash. The choices within the asset classes (including cash management) will make a difference in both the downside protection and the achievement of optimal returns.
  • We view each asset class as a sub-market in their own right. We realize that all asset classes have their own hierarchy of risk and returns and we strive to make sensible adjustment among equity exposures and fixed income categories in our quest for both stability and returns. Our experience has shown us that portfolio stabilizers don’t necessarily have to be too costly in terms of opportunity cost.
The market’s psychological profile will change far more frequently than the Quality/Value profile of a great portfolio that is producing solid economically measurable value.