Tue, Sep 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hutchens Investment Management merges with New Leaf Asset Management

Tuesday, July 19, 2011
Opalesque Industry Update - Hutchens Investment Management, Inc., an independent investment advisor managing $100 million+ in assets for equity and multi-asset portfolios announced that it has merged with New Leaf Asset Management, LLC.

New Leaf executives Fletcher Cole, CFA, and Carrie Bossi are now part of the Hutchens team, which employs a disciplined institutional approach focused on fundamentals. Cole re-joins the firm as a partner to spearhead Hutchens’ research initiatives and Ms. Bossi provides research support.

From 1997-2001, Cole was Hutchens’ director of research and portfolio manager during which time he refined the investment models and served as the primary portfolio manager for the firm’s mid-cap accounts. From 2002-2011, prior to the merger with Hutchens, he was managing member and co-founder of New Leaf. A graduate of Dartmouth College, he brings with him additional assets under management that he will continue to manage in a value-oriented approach. In addition, he was previously a submarine warfare officer in the U.S. Navy and also worked with Gabelli & Company and E.R. Taylor Investments.

“Fletcher’s style complements our growth-oriented bent and is well-suited for today’s challenging market environment. We see great cross-pollination potential as we share thoughts on stocks, economic themes and investment ideas, and are committed to providing the highest quality investment services to our institutional and high net worth clients. Our investment process, methodology and philosophy will continue to add value over the long term by controlling risk and focusing on fundamentals,” said William Hutchens, CFA, founder of Hutchens Investment Management.

Hutchens reports that the firm is currently finding interesting equity investment opportunities. Stocks are inexpensive relative to fixed income and other asset classes, and valuations are reasonable for a number of reasons. Earnings have rebounded and are about to reach the all time peak for the S&P 500. In addition, fears of a European debt meltdown are rampant, the U.S. unemployment rate is high, global growth is slowing due to Chinese rate hikes, the U.S. budget deficit will impede economic recovery, and interest rates are at historical lows.

“With all of the fear and doubt out there it is no wonder that the markets are climbing a wall of worry. We see opportunity - not problems. Companies which are able to increase sales beyond analyst expectations and who are still selling at reasonable multiples of earnings and cash flow are potential investment candidates for our clients’ portfolios. Likewise many exchange traded funds are packed with these companies and in many cases we will use them to gain exposure to a particular market sector. Security selection is key to outperforming in this environment. Slow U.S. growth and inflation problems overseas makes it essential to select stocks that are able to thrive in this climate, gaining market share from competitors and managing their finances to the betterment of shareholders,” Hutchens said.

(press release)

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner