Small Cap Value Equity

Sierra Investment Partners, Inc. chose Robert W. Baird & Co. Incorporated as its exclusive sub-advisor for the small cap value investment strategy, because of the company’s philosophy, proven investment process, and seasoned portfolio team. For 90 years, Robert W. Baird & Co. Incorporated (“RW Baird”) has been helping clients achieve their financial goals. They offer private wealth management for high-net-worth individuals; equity underwriting and mergers & acquisitions advisory services to middle-market companies; investment in venture capital, growth equity, and buyouts; fixed income products for institutional clients; debt underwriting and advisory services for public- and private-sector clients; and customized portfolios and mutual funds for institutional investors and high-net-worth individuals. Baird Investment Management (“BIM”) is part of this asset management arm of RW Baird. For over 30 years, BIM has applied a well-defined investment philosophy using a long-term perspective designed to provide growth and control risk.

Investment philosophy

We believe value and growth investing are not mutually exclusive and seek to generate consistent, long-term performance by investing in outstanding businesses that have attractive valuations with growth potential and operating/competitive characteristics that provide downside protection. We invest in business with the fundamentals of growth, but we are not willing to pay a premium for them.

Construction

  • Concentrated approach: typically 40-50 stocks
  • Market capitalizations range from $100 million to $2.5 billion
  • Top holdings typically do not exceed 5% at cost
  • Broad sector and industry diversification
  • Typical annual turnover of 25-40%