The portfolio management team
meets formally twice a week to
review the economy and its impact
on securities markets and client
portfolios. The team regularly
reviews sector and duration
targets for each fixed income
portfolio and discusses any
adjustments that need to be made.

Philosophy & Style

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.

Request Performance Information
To learn more about the performance of our current strategies, contact Doug Hinton at 410.769.6115 or dhinton@cavcap.com.