Donna Quirk

HCM’s security analysis methods can include fundamental analysis, technical analysis, and macro cyclical analysis. Their main sources of information include: FactSet; filings with the SEC; company press releases; interviews of company management by HCM advisors; annual and quarterly reports; prospectuses; reports; corporate rating services; research materials prepared by others; analysis of corporate activities; financial publications; conferences; and internal meetings. HCM invests assets primarily in: (1) domestic and international equities (2) municipal, agency and corporate bonds (3) Treasury securities (4) direct private investments (5) mutual funds and ETFs and (6) venture capital and hedge funds. An investment policy statement (IPS) is created for each client at the inception of the relationship and is the “play book” to which both the client and manager refer in the management of the account. Portfolio managers are responsible for implementing the IPS for their clients and meeting with them on a periodic basis to make sure that changes in the client’s circumstances and corresponding changes in investment objectives, if necessary, are captured in the IPS.