Within the Asset Management division of Rockefeller & Co., we manage a range of sophisticated investment strategies, many of these with long performance records. In our efforts to maintain distinguished performance over multiple market cycles, we rely on a proven institutional investment process.
Global vision balanced with bottom-up discipline
In the world of global investing, we offer the perspective of an organization that has been globally focused throughout its history. This perspective is all the more significant for being offered by an independent, privately owned firm — one whose values are not compromised by competing business priorities. For our asset management clients, this means we are able to offer not only deep global knowledge, but true independence.
We adhere to an investment philosophy that values both vision and discipline. We do not believe that long-term goals can be met by chasing short-term results. Instead, we focus on the larger picture while also paying attention to the details.
Experience, flexibility, direct access to decision-makers
Our team of investment professionals has longstanding industry experience. Many of our portfolio managers have been with the firm for over 10 years and have navigated difficult markets with steadiness and skill. We use a collaborative process in which a team of analysts and senior portfolio managers carefully studies, tests, and challenges proposed investments.
Depending on the amount to be invested, you can participate in most of our strategies either through separately managed accounts, our mutual funds, or through our private investment vehicles. Either way, as a Rockefeller & Co. client, you can benefit from the attentive, customized service that is fundamental to our culture.
Equity strategies that encompass sector analysis and security selection
We are bottom-up investors who aim to find the most attractive opportunities for our clients, without geographic limits. Our diverse relationships span the globe. In fact, Rockefeller’s investment team is fluent in more than 10 languages.
We focus our internal strategies on those areas where we believe we can offer the most value. In particular, our asset management team strives to provide our clients with the insight acquired through unbiased research, rigorous analysis, and in-depth knowledge.
Sector analysis We believe that each investment sector comprises unique drivers of performance. Rockefeller’s portfolio managers draw on a number of resources — particularly the expertise of in-house sector analysts — to establish a defined view of global sector strengths and weaknesses.
Security selection To build a diversified and robust equity portfolio, our team performs fundamental analysis to identify companies that are attractively valued relative to their growth prospects over a three- to five-year horizon. Our goal is to invest for the long-term while capitalizing on short-term dislocations. Research includes a thorough examination of a company's strategy and outlook, its unique financial characteristics and the capabilities of its management team.
We offer the following equity strategies:
Performance Inception Date: 1/1/1993
Objective: To outperform the MSCI All Country World Index – Net over a rolling 3-to 5-year time horizon. A global portfolio of stocks (typically with market capitalizations over US $2 billion) from companies that we believe to have sustainable business models, proven management, and good prospects for long-term growth. Independently researching each stock, we identify opportunities from a bottom-up point of view without geographic constraints. Our globally diverse investment team uses its insights into newer markets to detect trends that may signal long-term opportunities.
Performance Inception Date: 1/1/1991
Objective: To outperform the MSCI All Country World Index – Net over a rolling 3-to 5-year time horizon. A global portfolio of stocks from companies (typically with market capitalizations over US $2 billion) that meet our proprietary criteria for sustainability. Through a disciplined research process focusing on intrinsic value, we refine the universe of companies from a bottom-up point of view and then create a portfolio of those companies that meet our environmental, social and governance standards. On behalf of our clients in this strategy we engage with company management to foster improved business practices for the benefit of all stakeholders.
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Performance Inception Date: 1/1/1989
Objective: To outperform the Russell 2000® Index over a rolling 3-to 5-year time horizon. A portfolio of stocks from companies based in North America (typically with market capitalizations between US $300 million and US $2 billion). We focus on attractively priced companies that show strong prospects for revenue growth, favoring those with strong balance sheets, niche positions and significant management ownership. As part of the strategy, we may hold and continue to invest in companies that achieve mid- or larger capitalization status.
Performance Inception Date: 1/1/1989
Objective: To outperform the 70% MSCI All Country World Index – Net / 30% Barclays Capital Aggregate Bond Index over a rolling 3-to 5- year time horizon. We allocate investments to a diversified mix of asset classes, which include fixed income, equities, hedge funds and private equity funds. Our team manages the portfolio on a total return basis, utilizing dividends, interest income, and capital appreciation in seeking to meet the performance objective.
Performance Inception Date: 7/1/1998
Objective: To outperform the MSCI All County World ex USA Index – Net over a rolling 3-to 5-year time horizon. A portfolio of stocks from international companies (typically with market capitalizations over US $1 billion) that we believe to have sustainable business models, proven management, and strong long-term growth prospects. The portfolio is focused geographically on companies based in the EAFE developed markets as well as in Canada, Latin & South America and South Korea.
Performance Inception Date: 7/1/1998
Objective: To outperform the S&P 500 Index over a rolling 3-to 5-year time horizon. A portfolio of stocks from companies based in the U.S. (typically with market capitalizations over US $2 billion). Through rigorous fundamental analysis, we screen for companies that are either attractively valued or have excellent 3- to 5- year growth potential.
Performance Inception Date: 6/1/2009
Objective: To outperform the MSCI All Country World Index – Net over a rolling 3-to 5-year time horizon and invest in a concentrated portfolio of companies from across the globe that seek to outperform their peers and the overall market. The “select” nature of the portfolio derives from our observation that, over time, great leaders make great companies and great investments. This view informs a classic growth stock strategy: the investor initiates a position at a point when the market does not appreciate the future success of a firm, but as the firm’s value becomes more apparent, the discount narrows and the stock price rises. Investment targets are identified by focusing on companies with cultures that encourage and empower employees to make great products, provide superior customer service, and keep costs low.
Taxable and tax-exempt fixed income strategies
Our fixed income strategies aim to generate current income while preserving principal. We strive to provide stability in uncertain times by thoughtfully managing credit and interest rate risk. At the same time, we seek to capitalize on market dislocations by applying our top-down and bottom-up methodologies with discipline and consistency. We work closely with the equity research team on fundamentals.
We structure our clients' portfolios after reviewing their investment goals and income needs, as well as their risk profiles. In the taxable fixed income category, we focus on investment grade bonds. When buying tax-exempt securities, we focus on higher quality municipal bonds backed by solid collateral, paying close attention to the client's tax situation.
We offer the following fixed income strategies:
Tax Exempt Fixed Income – New York
Tax Exempt Fixed Income – National
Taxable Fixed Income
We also offer our clients investment opportunities in hedge funds, private equity funds and venture capital funds either through bespoke independent investment advice or through fund-of-funds structures.