Michael Andrew Goodman

The firm's portfolio managers, research specialists and traders are organized into teams by asset class. SCM provides several different investment approaches to both its international and domestic equity portfolios. For its capital appreciation equity management, the firm emphasizes current economic environment and secular themes. In particular, long-term economic trends, Federal Reserve policy and market liquidity serve as a macroeconomic backdrop to the overall direction of the markets. For equity stock selection, disciplined, fundamental research with emphasis on the following characteristics are practiced: strong fundamentals, accelerating earnings and sales, accelerating return on equity, expanding market share, low cost producers, quality management and positive earnings surprises. Its bottom-up security analysis emphasizes management, cash flow, earnings growth, balance sheet strength, competitive position, discounted cash flow and relative p/e ratio.

Corbyn strives for consistent, strong, risk-averse performance over an entire market cycle, while exposing their clients to reduced volatility. The firm invests in value-oriented equities and short-duration bonds, tailored to the individual client’s needs. It employs a research-intensive approach that focuses on the “inefficient sector” of the market, that is, securities that are either currently out-of-favor or not widely followed by the investment community. By carefully investigating these companies, they seek to identify attractive investments selling at discounts to the underlying values of the businesses.

Functions as a College/University

Skyhawk Capital focuses on small-cap US companies. The firm targets several sectors including finance, manufacturing, technology and health technology. Skyhawk employs a proprietary multi-factor model that scores stocks on valuation, growth and earnings quality factors. Diversification and risk control are important parts of their investment process. Along with traditional methods, Skyhawk uses additional techniques to mitigate risk, including diversification of the corporate life cycle, multiple valuations and disaggregated beta analysis. This allows Skyhawk to diversify the portfolio across the range of growth and value stocks. They have a disciplined sell process which includes selling a stock when its score falls below the second quintile of the firm's multi-factor model. The Skyhawk Small Cap Equity strategy uses multiple perspectives to evaluate the universe of small-cap securities. Portfolios have 45-65 holdings and are diversified across both growth and value stocks. Market-caps of companies at the time of purchase generally range from $250 million to $2 billion. Investment results are measured against the Russell 2000 Index. The Skyhawk Strategic Equity strategy employs multiple perspectives to evaluate the universe of large- and medium-cap securities. Portfolios are diversified across 35-45 holdings. Market-caps of companies at the time of purchase are greater than $5 billion. Investment results are measured against the S&P 500 Index.