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During his first thirty years in the fixed income arena, James T. Cavanaugh III, recognized that the investment management business lacked a presence of firms primarily dedicated to fixed income portfolio management. As a result, in 1991, he founded Cavanaugh Capital Management (CCM), a sub-chapter S-Corporation offering specialized expertise in the management of fixed income securities for institutions and individuals. Today, approximately 90% of CCM’s total assets under management represent fixed income investments. This percentage, combined with the level of fixed income assets under management, ranks CCM as one of the largest fixed income specialists in Maryland.

501 Fairmount Avenue, Suite 300 • Baltimore, MD 21286
(410) 769-6124 • Fax (410) 427-4544

Copies of form ADV are available upon request. Disclosure Statement.