Pennant Management, Inc. employs a disciplined, yet flexible, global tactical asset allocation approach to investment management. This research driven process, predicated on both fundamental and technical analyses, helps achieve each client’s investment objectives. Total return, risk tolerance, liquidity, time horizon, and tax considerations all shape each of our customized investment solutions.

Fixed income management: Pennant Management’s fixed income strategy stresses active management of high quality short and intermediate bonds with average maturities of one to five years. Liquidity needs, ranging from one day to one year, are addressed with low volatility, highly liquid instruments, including multiple complexes of overnight repurchase agreements.

Equity management: Pennant Management’s equity selection process, including our alternative equity strategy, utilizes market models that seek statistically significant valuation anomalies in the capital markets. Exchange traded funds and mutual funds are used to target specific asset classes, market sectors, or geographic regions that demonstrate noticeable value relative to the market. Achieving appropriate portfolio diversification while minimizing both explicit and implicit trading costs is fundamental to this process.

Fund Management: Our reputation as an institutional manager has led to appointments as Fund Manager for the USFS Funds.

This section of our Website also contains forms for our clients as well as contact information.