At UAS Asset Management, we have applied this philosophy to our investment and wealth management business for over 25 years. In serving the needs of individuals, families and institutional investors, our professionals are keenly focused on investing in global businesses with superior economics, proven management, and strong brand value – we believe those characteristics lead to enduring advantage.
We build portfolios of significant publicly traded global companies whose range of businesses provides inherent diversification and whose scale and tenure demonstrate durable competitive advantage. We invest when we believe prices are reasonable and maintain positions only when all advantages remain in place. Our high conviction results in relatively concentrated portfolios.
We approach investing from the perspective that preserving wealth is essential to building it.
Our assessment of a company’s prospects and value relies on a variety of both quantitative and qualitative factors. We look for great companies whose business model we can understand and whose future earnings we believe we can reasonably estimate. Our high conviction results in concentrated portfolios of distinctive companies whose brand value, diversified holdings, proven management and strong financial profile set them apart as leaders.
Importantly, we balance our fundamental analyses with a view toward long-term global trends and secular themes, seeking companies where we believe demand for their products and services is likely to grow based on positive demographic trends and increasing economic development.
Risk management goes hand-in-hand with portfolio construction. Conventional wisdom equates risk with monthly, or even daily, volatility of prices of securities. We, on the other hand, regard risk as the likelihood of permanent loss of capital. Viewed in that light, we are focused on inherent value of our holdings not on the daily fluctuations of their prices. By investing only in publicly traded securities we further manage risk by maintaining highly liquid portfolios.
Consistent application of our investment philosophy enables clients to properly evaluate the efficacy of our investment strategy to achieve their objectives.