Whether Cavanaugh Capital Management (CCM) is managing a taxable or tax-exempt bond portfolio, the firm believes that active professional management of fixed income securities offers greater opportunities to investors than either a simple buy and hold strategy or an indexing strategy.

An important element of the firm’s success is sound investment judgment. CCM views each market environment in the context of long-term fundamentals. In a rapidly changing investment environment, markets tend to behave erratically; therefore, results are often unpredictable over the short run. By investing with perspective and reason, the firm attempts to avoid unnecessary volatility while achieving optimal total returns for its clients.