Asset Growth Through A Consistent Investment Policy
A registered investment adviser since 1940, Seligman has been managing discretionary institutional portfolios since 1957. The longstanding success of our investment strategies rests on extensive fundamental research coupled with disciplined investment processes. We emphasize consistency in our approach to portfolio management, and support our investment results with specialized client service.
We offer a range of institutional equity, fixed income, and balanced strategies. Investment services are available through separately managed accounts beginning at $10 million. For a list of available mutual funds, please visit the Seligman Group of Funds site.
The performance and statistical information presented in the product fact sheets is intended for institutional clients that meet Seligman's account minimums and should not be relied upon by any other person, including any person obtaining Seligman's investment advisory services through a wrap program or through a commingled investment fund such as the Seligman Group of Funds.
Growth Strategies
Value Strategies
Fixed Income Strategies
Large-Cap Growth Portfolios
Strategy Inception: January 1, 1987
Objective
Seek companies with market capitalizations typically above $10 billion growing faster than their industry peers.* In constructing the portfolios, the team seeks stable growth companies and catalyst-driven investment opportunities.
Investment Process
Intensive bottom-up analysis drives stock selection. The team works together to identify attractive prospects through extensive quantitative and qualitative research. In-depth research of company fundamentals is sourced with input from competition, distributors, suppliers, customers, and management.
Holdings: Typically 50 to 70 stocks
Strategy Benchmark: Russell 1000 Growth
Portfolio Team: Seligman Core/Growth Team, led by Erik Voss
Mid-Cap Growth Portfolios
Strategy Inception: December 31, 1994
Objective
Seek companies with market capitalizations typically between $1.0 and $15 billion growing faster than their industry peers.* In constructing the portfolios, the team seeks stable growth companies and catalyst-driven investment opportunities.
Investment Process
Intensive bottom-up analysis drives stock selection. The team works together to identify attractive prospects through extensive quantitative and qualitative research. In-depth research of company fundamentals is sourced with input from competition, distributors, suppliers, customers, and management.
Holdings: Typically 60 to 80 stocks
Strategy Benchmark: Russell MidCap Growth
Portfolio Team: Seligman Core/Growth Team, led by Erik Voss
Emerging (Small-Mid) Growth Portfolios
Strategy Inception: June 30, 1996
Objective
Seek to produce superior risk-adjusted returns relative to the Russell 2500
Growth Index by investing in a portfolio of stocks the Team believes will
demonstrate earnings growth in excess of the benchmark while trading at
reasonable valuation levels. Invest in companies with initial market
capitalizations typically between $500 million and $5.0 billion at
purchase.*
Investment Process
Investment analysis stresses measures of growth, profitability, and
valuation. Internal and external research defines the universe of investable
stocks. The portfolio is comprised of stable growth companies and
catalyst-driven investment opportunities.
Holdings: Typically 80 to 100 stocks
Strategy Benchmark: Russell 2500 Growth
Portfolio Team: Seligman Small Company Growth Team, led by Michael Alpert
Small-Cap Growth Portfolios
Strategy Inception: January 1, 1987
Objective
Seek to produce superior risk-adjusted returns relative to the Russell 2000
Growth Index by investing in a portfolio of stocks the Team believes will
demonstrate earnings growth in excess of the benchmark while trading at
reasonable valuation levels. Invest in companies with initial market
capitalizations typically between $100 million and $4.0 billion at
purchase.*
Investment Process
Investment analysis stresses measures of growth, profitability, and
valuation. Internal and external research defines the universe of investable
stocks. The portfolio is comprised of stable growth companies and
catalyst-driven investment opportunities.
Holdings: Typically 80 to 100 stocks
Strategy Benchmark: Russell 2000 Growth
Portfolio Team: Seligman Small Company Growth Team, led by Michael Alpert
Large-Cap Value Portfolios
Strategy Inception: December 31, 1991
Objective
Generate superior returns over a three- to five-year time horizon while maintaining low turnover. Invest in a concentrated portfolio of undervalued companies with improving fundamentals and market capitalizations typically above $4.0 billion.*
Investment Process
Bottom-up, fundamental investment process. Screens over 1500 companies, focusing on financial analysis, management, valuation assessment, new products/product enhancements, peer market, analysis. Cornerstone of our philosophy is the early identification of a catalyst which the team believes will lead to accelerated future growth of earnings.
Holdings: Typically 30 to 35 stocks
Strategy Benchmarks: Russell 1000 Value
Portfolio Team: Seligman Value Team, led by Neil Eigen
Small-Cap Value Portfolios
Strategy Inception: March 31, 1997
Objective
Generate superior returns over a three- to five-year time horizon while maintaining low turnover. Invest in a concentrated portfolio of undervalued companies with improving fundamentals and market capitalizations typically below $3.0 billion.*
Investment Process
Bottom-up, fundamental investment process. Screens over 1500 companies, focusing on financial analysis, management, valuation assessment, new products/product enhancements, peer market, analysis. Cornerstone of our philosophy is the early identification of a catalyst which the team believes will lead to accelerated future growth of earnings.
Holdings: Typically 40 to 55 stocks
Strategy Benchmark: Russell 2000 Value
Portfolio Team: Seligman Value Team, led by Neil Eigen
Investment-Grade Fixed Income Portfolios
Strategy Inceptions
Intermediate Fixed Income: January 1, 1989
Core Fixed Income: January 1, 1987
Objective
Seek income and capital appreciation.
Investment Process
Our investment process is a combination of top-down macro economic analysis and bottom-up fundamental analysis. Four factors drive the decision-making process: the direction of interest rates, the shape of the yield curve, credit trends, and market volatility.
Strategy Benchmarks
Intermediate Fixed Income: Lehman Intermediate Government/Credit Index
Core Fixed Income: Lehman Bros. Government/Corporate Index
Portfolio Team: Seligman Investment Grade Team, led by Fran Mustaro
High-Yield Fixed Income Portfolios
Strategy Inception: January 1, 1987
Objective
Seek to maximize return by investing in a combination of securities that provide current income and capital appreciation.
Investment Process
Portfolio composition is derived from a combination of top-down and bottom-up analysis.
Strategy Benchmark: Merrill Lynch High Yield Master
Portfolio Team: Seligman High-Yield Team, led by J. Eric Misenheimer
A complete list of composites and descriptions is available here.
*When establishing portfolios for new clients, Seligman may include securities that have appreciated or depreciated beyond the quantitative limits used to screen initial purchases.