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Investment Approach



Brooklyn Bridge

“Similar to the pursuit of architecture, sound investing is built on the principles of utility, durability and beauty.”
Richard F. Dolan, Managing Director


The investment approach at FPCM has been developed to facilitate our client-centric orientation.

  • FPCM builds and manages fixed income portfolios to each client’s particular objectives and circumstances

The investment management process has two components, driven in parallel:

  • Review and understanding of client-specific objectives, constraints and idiosyncratic factors
  • Continuous relative value assessment within and across fixed income asset classes

The ultimate goal of the FPCM investment approach is to uncover value relevant to the achievement of client goals – and then execute.

Read our recent commentary First Principles Quarterly - Summer 2018.