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Water Street Advisers is a
registered investment adviser that selects and manages investment
portfolios as a primary adviser to licensed insurers and as a subadviser
to other registered investment advisers.
These
portfolios are constructed based on the discipline of
"value-investing" -- the objective of which is to create the following
advantages:
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Management
expenses are minimized – this is a buy-and-hold strategy.
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Portfolio
volatility is minimized – value-oriented investments operate
at a lower level of risk than their peers.
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Potential
returns are maximized – lower volatility allows investments
from sectors of the market whose risk would otherwise be
intolerable to the conservative investor.
Applying
this discipline across the breadth of the +$40 trillion global
securities market requires unique and novel selection processes. The
proprietary nature of these processes is protected by pending
patents.
A
series of portfolios made from these processes each quarter and held
for successive 5-year periods since December 1991 has generated an
average annual return of slightly greater than 10.00% -- for a risk
midway between that of a balanced bond portfolio (Lehman Bros.
Aggregate Bond Index) and a portfolio of large-cap stocks
(S&P500 Market Index) – see ADV Part 2 for details.
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