Klingenstein, Fields & Co., L.L.C. follows a value-oriented, long-term investment approach with the objective of achieving superior returns, which are ultimately reflected in capital appreciation. More specifically, we seek to:
- Preserve capital over time.
- Achieve growth with limited risk and volatility.
- Obtain excellent results after tax and inflation.
We are long-term investors, and generally are not short-term traders. Our attention is focused primarily on equity portfolios comprised of listed, marketable securities because we believe that, over time, equities offer greater potential for appreciation with reasonable levels of risk than other types of securities. We concentrate on companies that appear to reflect relative value. Often, these are large global companies, but may also include smaller companies in rapidly growing industries. For a relatively small portion of the portfolio, we will also invest for “opportunistic” reasons such as companies where there may be a change in management, capital structure or control.
In recent years, we have augmented our portfolios with international ETF’s and select foreign corporations. Historically, most of our international exposure has been attained through U.S. companies with business abroad. As we perceive value abroad, we have also created investment vehicles, including the Klingenstein Fields Asia Fund.
The Klingenstein Fields Asia Fund is only available to clients of Klingenstein, Fields & Co., L.L.C. The Fund invests in public securities of small and mid-cap Asian companies, in all of Asia except Japan. The purpose of this Fund is to provide direct exposure to growth markets, using the intellectual resources of the sub-adviser’s Hong Kong based research team.
How we invest
- Disciplined valuation focus
- Top down and bottom up approaches
- Team approach to individual client asset allocation and portfolio construction
- Long-term focus improves results and tax efficiencies