Spokane Journal of Business

Palouse Capital Management adds to its “Top Guns” list of honors

Firms Capital strategy cited for ’14 performance

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Palouse Capital Management Inc., of Spokane, says its Large Cap Value Strategy has earned recognition as a top performer in the PSN Top Guns list for the full 2014 calendar year, after having garnered similar kudos for its performance in the third quarter.

The Top Guns list is a quarterly ranking of investment managers that’s used by institutional asset managers and investors nationally. It’s produced by Informa Investment Solutions Inc., a large White Plains, N.Y.-based company that provides wealth management tools and other related support services to financial institutions and investment professionals.

 Investment strategies receiving PSN Top Guns honors reflect the top 10 performers in more than 50 style “universes” and six “star categories.” PSN’s star categories differ from each other based on longevity, risk, and adherence to particular investment styles.

Palouse Capital’s Large Cap Value Strategy received the recognition for the 2014 calendar year in what’s called the two-star Large Value Universe. The objective of the honored Palouse Capital strategy is to seek long-term capital appreciation in larger-capitalization companies that currently are undervalued.

“We are again very pleased to receive PSN’s recognition of our efforts with our Large Cap Value Strategy,” says Bryn Harman, a chartered financial analyst (CFA) and Palouse Capital’s chief investment officer.

Harman notes that this was the Palouse Capital’s third different strategy, along with its Diversified Income and Small/Mid Value strategies, to receive national recognition on the PSN Top Guns list last year. He again praised the efforts of Jeff Trudeau and Ken Roberts, who—together with him—make up the firm’s portfolio management team.

Roberts founded the boutique asset-management firm in 1994 under the name Ken Roberts Investment Management Inc. and was its president for many years, until selling the assets of the business to Harman and Barry Menne in the fall of 2013. The new owners changed the name of the firm to Palouse Capital at the beginning of last year.

Roberts continues to work at the firm full time and serves as chief investment strategist.

Palouse Capital provides what it calls “active asset management nationally to high net-worth individuals, foundations, endowments, corporations and public funds.” The firm has said it applies its fundamental value philosophy consistently across three core equity strategies: Large Cap Value Total Return, Large Cap Value, and Small/Mid Value.

Under a commonly applied definition, large cap refers to companies with a market capitalization, or market cap, of more than $5 billion. Meanwhile, mid cap and small cap refers to companies with market caps of $1 billion to $5 billion and $250 million to $1 billion, respectively. Market cap is the total value of the shares of a publicly traded company, determined by multiplying the share price times the number of shares the company has outstanding.

Menne told the Journal of Business in an interview last year that Palouse Capital’s investment “universe” ranges from companies with market caps of around $2.2 billion to Apple, now approaching $740 billion.

Palouse Capital also offers a Diversified Income strategy for clients seeking income from diversified asset classes, which could include fixed-income securities, common equities, preferred stock, real estate investment trusts, and other income-producing securities.

Located on the 11th floor of the Washington Trust Financial Center, at 717 W. Sprague, the firm has seven full-time employees and currently manages more than $325 million in assets for more than 700 clients nationally.

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