Domestic Equities

$500 million minimum market capitalization
>12% sustainable earnings growth
< 50% debt/capitalization ratio
Return on Equity 15% minimum
strong niche position within industry
earnings catalyst

Intermediate Fixed Income

The Douglas Capital Management Investment Committee sets general portfolio guidelines regarding yield-curve positioning of securities. The portfolio manager then implements the set policy across the account universe.

Total return performance is maximized by periodically reviewing macro-economic trends and, accordingly, actively adjusting security maturities and duration. Changing market conditions require frequent portfolio re-optimization to enhance performance, while maintaining required cash-flows. Douglas Capital Management utilizes a variety of techniques to enhance overall account performance, including bond swaps, cash-flow swaps, sector swaps, among others.

Investment Process