Wall Street investment firms are emphatically designed to distribute investment product, not to provide best-in-class investment advice
Falls Church, Va. (PRWEB) August 25, 2009
Grey Owl Capital Management, LLC, a value-oriented investment management firm, announced today the official launch of business and the opening of their "Opportunity Strategy" for new clients.
Grey Owl Capital Management, LLC was co-founded by Eric Brugel and Jeff Erber in an effort to escape the distracting noise of the large, mismanaged, Wall Street-centered investment firms. The company provides a back-to-basics investment approach focused on identifying mispriced securities with the opportunity for outsized gains.
"Wall Street investment firms are emphatically designed to distribute investment product, not to provide best-in-class investment advice" said Brugel. "This was certainly evidenced by the packages of sub-prime assets these banks sold to institutional and high-net-worth clients which have recently dominated the news. It is equally supported by the application of a misguided investment approach for retail clients based on a flawed academic theory that is inconsistent with the real world."
"Over the past ten years, the US stock market has essentially provided zero return and we just saw a period where all assets except cash and US Treasuries lost a significant amount of value at the exact same time," added Erber. "Yet, most 'wealth managers' continue to tell their clients to build broadly 'diversified' portfolios that ignore valuation and focus instead on statistical artifacts like volatility and asset correlation, pretending they have some meaningful relationship to return. The concept is good on paper, but how it is applied is absurd."
"With our existing clients, we've demonstrated we can navigate difficult waters and provide solid returns based on deep research and a judicious investment approach as opposed to pseudo-science," concluded Brugel. "We look forward providing this approach to a broader set of clients through our new firm." The firm's "Opportunity Strategy" is for clients with a $250,000 minimum initial investment and a 3-5 year minimum investment time horizon.
About Grey Owl Capital Management, LLC
Grey Owl Capital Management, LLC is an SEC registered investment advisor whose mission is to provide superior absolute investment returns for clients. Founded in May of 2009 and located in Falls Church, VA, the firm provides a go-anywhere, opportunistic investment process that seeks out the best alternatives for capital appreciation across multiple assets classes. The firm's principals both hold the Chartered Financial Analysts (CFA) designation. You can find out more about Grey Owl Capital Management, LLC at http://www.greyowlcapital.com or by calling 888-GREYOWL.