Investment Strategy

Our collective experience has taught us to stick to a carefully articulated “strike zone” and remain disciplined in our evaluation of investment opportunities. Our strike zone provides a compass of sorts, helping us to make great investments while avoiding major errors.

 

Our emphasis is on quality – of businesses and their management teams – coupled with the safety of a solid balance sheet and liquid positions. This emphasis also produces a fairly concentrated portfolio of our best ideas.

 

We often identify industries with tailwinds and then conduct our own in-depth research to determine which are the best-positioned companies within those industries.

 

After a target company is identified, BIA can employ cross-asset implementation strategies that allow us to express our view in the most effective manner. One especially valuable strategy takes advantage of our expertise in derivatives. We selectively employ this expertise to manage risk and capture additional upside.

 

The combination of our strike zone and our derivatives knowledge has led to strong and differentiated returns over many years.