We Prefer A Multicap Approach
When constructing portfolios, we have long thought an approach that considers companies of all sizes was the best way to maximize the opportunity set for investors. We are think that by limiting a portfolio to invest in only large cap companies misses many emerging opportunities in the midcap and smallcap arena. Patrumin’s Sam Dedio has been managing multicap portfolios since 2001, successfully launching multicap strategies at Bankers Trust, Deutsche Bank, Artio Global Investors and here at Patrumin. The goal for these multicap strategies always has been and remains the same: construct a portfolio of best ideas that include largecaps, midcaps and smallcaps. We believe the performance objective for any multicap strategy should be to beat the S&P 500 and/or the Russell 3000.
*Indices are unmanaged and investors cannot invest directly in an index. The Standard & Poor’s 500 (S&P 500) is a subjectively formed, unmanaged group of securities considered to be representative of the stock market in general. It is a market value weighted index with each stock’s weight in the index proportionate to its market value.
The Russell 3000 Index is unmanaged index comprised of the 3,000 largest U.S. companies based on total market capitalization, which represents approximately 98% of the investable U.S. equity market.