Mon, Jan 23, 2017
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 - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised