Fri, Mar 6, 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. SkyBridge opens office in Palm Beach County[more]

    Where better for a southern location than South Florida? SkyBridge Capital, which is headquartered in New York, has opened an office in Palm Beach Gardens. Palm Beach Gardens is a "Signature City" in northern Palm Beach County, with a population of around 49,000.

  2. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  3. Patrick McCormack to shut down hedge fund Tiger Consumer[more]

    Komfie Manalo, Opalesque Asia: Patrick McCormack is shutting down his hedge fund Tiger Consumer Management after 15 years "to spend more time with his family," reported Reuters. Tiger Consumer ended February up 4.6% (+3.9% YTD) and assets roughly $1.4bn, reported

  4. Event-driven strategies lead hedge fund gains in February while CTA rally shows signs of fatigue[more]

    Komfie Manalo, Opalesque Asia: Hedge funds ended February on a good note (+0.8%), confirming the positive momentum witnessed since the start of the year, reported Lyxor Asset Management in its Weekly Briefing. As of the end of February, the Lyxor He

  5. Large hedge funds grow assets almost three times faster than sub $5bn funds[more]

    Komfie Manalo, Opalesque Asia: As institutional investors’ needs continue to evolve, they are increasingly looking to work with larger hedge fund managers and intermediaries who can meet their appetite for comprehensive portfolio solutions, said Barry Bausano, co-head of Global Prime Finance at D