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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, Senior Advisor


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 - Spring 2019.