Cavanaugh Capital Management (CCM) offers a conservative investment philosophy which is based on the idea that fixed income investments play a specific role in client portfolios – to generate income, stabilize principal, and complement allocations to more volatile investments.

The firm’s fixed income management style is one of Relative Value (sector rotation). This disciplined, quantitative process is applied to the construction and management of both taxable and tax-exempt fixed income portfolios. Within this process, the portfolio management team focuses on the generation of incremental return – both in terms of income and total return – relative to incremental risk. CCM seeks to optimize fixed income portfolio returns within each client’s tolerance for risk. The portfolio management team conducts its own research, utilizing state-of-the-art information and reporting systems. CCM emphasizes balance and diversification in client portfolios and does not rely upon market-timing strategies.