Dave Jellison

Columbia Management Advisors invests in the US public equity and debt markets. They focus on growth and value stocks of small-cap, mid-cap, and large-cap companies selected on the basis of a top-down approach and thematic and fundamental analysis with a bottom-up stock picking approach to create their equity portfolio mix. The firm benchmarks the performance of its equity portfolios against the S&P 500 Index. Columbia Management Advisors invests in short-term, intermediate-term, and long-term high-quality debt instruments including treasuries, mortgage-backed securities, municipal bonds, agency bonds and asset backed securities to create their debt portfolio mix. The firm uses a combination of their equity and debt strategies to manage balanced portfolios and benchmarks performance against the S&P 500 Index and Lehman Aggregate Index. Though not limited by sector, the firm tends to invests in the stocks of large-cap companies in the technology, energy minerals and consumer non-durables sectors. They maintain a low turnover rate.

Functions as a College/University

Functions as a College/University

Kohala Capital Partners employs a small-cap core strategy that focuses on investment in the stocks of companies with market-caps generally ranging from $100 million to $3 billion at the time of purchase. The firm seeks to invest in quality companies in which their proprietary fundamental research has identified a key attribute that has been overlooked or mispriced by the market. They seek to exploit opportunities resulting from structural and/or company-specific factors that create pricing pressure and cause the stock prices of some companies to temporarily trade well below their long term intrinsic values. Kohala Capital Partners seeks to exploit the edge they create in stock selection through an active and strict portfolio management discipline. They strive to control volatility by using a high number of small positions, while also managing liquidity and turnover. They also attempt to avoid unintended macro risk by limiting sector bets and market-cap discrepancies relative to that of their benchmark. The firm routinely evaluates the investment merits of existing holdings versus that of new investment ideas and seeks to redeploy capital to the most attractive risk/reward opportunities. They will reduce or sell positions when: (1) a stock achieves their price target (2) a stock experiences incremental negative fundamental developments or (3) a more attractive investment is identified.