Philosophy

Strategy Dominates Tactics

FAMCO’s investment philosophy is based on the belief that strategy dominates tactics, and a top-down macroeconomic view is applied to the investment process across the firm. We believe that investment decisions should always be guided by a disciplined, risk-aware strategy that seeks to add value in all market environments. Our investment philosophy is multi-faceted, utilizing macroeconomic analyses, disciplined security selection, cost-controlled trading procedures, continuous risk analyses and an unwavering focus on achieving client-specific objectives.

FAMCO's two key investment teams:

  • The Strategy Committee provides intellectual stress testing, confirms strategic direction, and provides portfolio risk tolerance to the Investment Committee.
  • The Investment Committee makes recommendations to the Strategy Committee evaluating the current macroeconomic framework and market-cycle profile, proposing new investment themes and direction, as well as performing the quantitative and fundamental data analyzing the underlying portfolios characteristics and risks.
Economic Outlook

Fourth Quarter 2011

After flirting with a “double-dip” recession in mid-year 2011, the U.S. economy appeared to gain traction in the past six months. While GDP growth for the calendar year 2011 was only 1.7%, according to Federal Reserve