Articles
4 Great Years in a Row...Uh...Oh!
A Few (More) Words on Commodities
Will You Pay More Taxes in 2007? A Look Into Our Crystal Ball
Summary of Q4 2006 Manager Research Activity
Our Year-End 2006 Investment Tactics
ANNOUNCEMENTS
Tim Kochis Wins Schwab IMPACT Award
Communications Limited By Securities Law Restraints
Kochis Fitz Website Makeover
Kochis Fitz Marks 15th Anniversary
Staff Changes
Young Kim Becomes a Shareholder of the Firm
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Summary of Q4 2006 Manager Research Activity
Below is a tally of the existing managers we have met with and investment opportunities we have considered during this past quarter. While we receive unsolicited calls or emails daily, we only list below those investment opportunities which pass an initial screen and which we then review in depth.
Traditional |
10 |
Hedge Fund |
5 |
Private Equity |
4 |
Real Estate |
3 |
Other |
2 |
Total |
24 |
Selected Manager Research Activity
Examples of this activity in the 4th Quarter of 2006 included investment decisions for the following two specific opportunities. We have declined to identify them by name to avoid inadvertent publicity for the specific investment situation.
Opportunity |
An international REIT Exchange Traded Fund (Index) |
Decision |
Has been approved for client investment. |
Notes |
REITs and real estate operating companies (REOCs) outside of the US;
Tax-efficient and cost effective exposure to the Dow Jones Wilshire International Real Estate Securities Index.
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Opportunity |
A global (includes US) REIT fund (Actively Managed) |
Decision |
Has been approved for client investment. |
Notes |
REITs and real estate operating companies (REOCs) on a global basis;
Regional asset allocation with bottom-up stock selection;
One of the world’s leading managers of public and private real estate, with over $63 billion in assets under management.
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