Asset-management firm here wins another honor
Palouse Capital strategy recogized as a ‘Top Gun’
Kim CromptonDecember 4th, 2014
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, a quarterly ranking of investment managers that’s used by institutional asset managers and investors nationally.
The list is 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 investment styles.
Palouse Capital’s Large Cap Value Strategy received the recognition for the third quarter in what’s called the one star Large Value Universe.
“We are 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. “The objective of this strategy is to seek long-term capital appreciation in larger-capitalization companies that are currently undervalued.”
Harman says, “Of particular note is that this is our third different equity strategy, along with our Diversified Income and Small/Mid Value Strategies, to receive national recognition on the PSN Top Guns list this past year.”
He says he views the recognition as “a testament to the strength of the value-investing approach that we apply in all of our equity strategies.” He praised the efforts of Jeff Trudeau and Ken Roberts, who—together with him—make up Palouse Capital’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 effective Oct. 15 last year. They changed its name to Palouse Capital on Jan. 1.
Roberts, meanwhile, 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 says 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 says Palouse Capital’s investment “universe” ranges from companies with market caps of around $2.2 billion to Apple, at $700 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 $320 million in assets for more than 700 clients nationally.