Dr. Leila Heckman, PhD
Senior Portfolio Manager
30+ Years of Experience
Dr. Vijay Chopra, PhD
Senior Portfolio Manager
30+ Years of Experience
What Set's Us Apart
- Investment approach combines top-down and bottom-up components
- Disciplined quantitative investment process employs multi-factor approaches country to both country allocation and stock selection
- Optimization of top-down and bottom-up components to help manage risk and maximize alpha
- Strategy may be managed with or without ESG overlays, including negative and positive screening
- Investment process built using Institutional research
- Seasoned investment team holds Ph.D.’s in Finance, Economics and Applied Mathematics and has experience over multiple market cycles
TOP DOWN PROCESS
Employs a multi-factor (smart beta) approach to country allocation
Evaluates country equity valuations, macroeconomic growth catalysts, monetary policy proﬁles, and indicators of momentum
Analyzes over 60 developed and emerging markets
Identiﬁes key macroeconomic risks, including currency overvaluation, excess credit growth, and market volatility
BOTTOM UP PROCESS
Utilizes a multi-factor (smart beta) approach to stock selection
Focuses on company valuations, cash flows, earnings quality, management policy, and momentum
Assesses over 7,500equities across the globe
Allocates to most attractive sectors and stocks within each market
Used for comparison purposes. Past performance is not indicative of future results.
Strives to optimize portfolio by bringing together top-down and bottom-up analyses
Limits systematic market risks, such as excessive exposures to particular countries, sectors and market capitalization segments
Aims to maximize expected alpha subject to risk controls
Adheres to a strict sell discipline
Top 10 Holdings
Disclosures; The firm is defined as DCM Advisors Institutional (“DCM”), the institutional investment management business of DCM Advisors, LLC. DCM Advisors, LLC is a registered investment adviser with United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940.
The investment management fee schedule for the SMA is 1.00% on the first $5 million, 0.80% on the next $15 million, and 0.60% on the remainder. Actual investment advisory fees incurred by clients may vary.
Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. The investments and investment strategies identified herein may not be suitable for all investors. The appropriateness of a particular investment will depend upon an investor’s individual circumstances and objectives.
Although DCM may take efforts to mitigate risks, certain risks cannot be eliminated or controlled and there are no guarantees that any risk management strategies or investment strategies implemented will be successful notwithstanding such efforts to mitigate risk.
References to market or SMA indices, benchmarks or other measures of relative market performance over a specified period of time are provided for your information only. Reference to an index does not imply that DCM portfolio will achieve returns, volatility or other results similar to the index. The composition of a benchmark index may not reflect the manner in which a DCM portfolio is constructed in relation to expected or achieved returns, investment holdings, portfolio guidelines, restrictions, sectors, correlations, concentrations, volatility or tracking error targets, all of which are subject to change over time.
International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks may be heightened for investments in emerging markets Periods shown prior to September 1, 2017 represent the performance record of the portfolio management team while affiliated with a prior firm.
About Us: DCM is a wholly-owned subsidiary of Dinosaur Group Holdings, LLC and is an SEC registered investment advisor under the Investment Advisers Act of 1940 (“Advisers Act”). Registration does not imply a certain level of skill or training. Under the Advisers Act, Rule 204-3 requires DCM to provide clients with specific information about the advisory firm. DCM offers its Form ADV, Part 2 to serve this important purpose. Investors can acquire information on the registration status of DCM and request a copy of DCM’s Form ADV, Part 2 by calling DCM directly at (917) 386-6260 or by visiting the SEC’s website at www.adviserinfo.sec.gov.
The SMA was previously named Global ESG Equity. As of April 30, 2020, the SMA includes all global equity accounts. Previously, the SMA included only those portfolios with ESG restrictions. The SMA was redefined because the difference in holdings between accounts with and without ESG restrictions was deemed to be immaterial.
Systematic Global Equity SMA: The Global strategy invests in large and mid-cap stocks in developed markets, emerging markets, and frontier markets. The investment process starts with a disciplined top-down multi-factor country allocation process. It then invests in stocks based on a quantitative multi-factor bottom-up stock selection process. The strategy invests in a combination of local shares, ADRs, and ETFs. The strategy screens out equities that do not meet an ESG screen.
Creation Date: The SMAs inception date was December 1, 2008.
Benchmark: MSCI AWCI.
Benchmark: $500,000. As of December 31st, 2019, the minimum account size for the systematic global equity was reduced from $2,500,000 to $500,000.