Ironwood Investment Management, LLC® manages assets for many well-known institutional clients such as public mutual funds, university endowments & foundations, municipal and state retirement plans, corporate pension plans and individual investors in the following strategies. Click to open the most recent investment profile in a separate tab.
Ironwood Small Cap Core Strategy
The Ironwood Small Cap Core strategy seeks to identify companies that fall within the Russell 2000 Index with capitalization generally under $2.5 billion that have undervalued assets and unrecognized potential. We select these companies through the use of original research by the Ironwood Investment Management, LLC® investment team. The focus of the strategy will be on companies with compelling valuations and attractive pricing. The investment team looks to exploit situations where the market has overreacted to short term events. This is a portfolio for the investor desiring broad small cap exposure with an “all weather” approach to investing.
Concentrated Small Company Strategy
The Concentrated Small Company Stock strategy is a small-cap/micro-cap special situation strategy seeking absolute returns. The underlying philosophy is a “value investing” approach applied to a wide range of company types. Suitable investment candidates are often undiscovered or overlooked companies, or companies that have recently had severe price corrections, all of which could place the market capitalization at a large discount to the company’s intrinsic business value.
Small Company Stock Strategy
The goal of the Small Company Stock strategy is to invest in companies that are trading at a large discount to their actual economic value. Domestic stocks with market capitalizations of less than $1 billion are screened by applying standard value analysis such as price/earnings, price/book, price/cash flow, and debt to capital, and then examined with both qualitative and qualitative measures to search for anomalies. The investment team pays particular attention to companies that are turnaround/transitional situations, cyclical performers, or are smaller emerging companies.
Ironwood Micro-Cap Strategy
The Ironwood Micro-Cap strategy is an extension of the philosophy and approach present in all Ironwood strategies since the founding in 1997. We feel that markets and investors overreact to short term conditions and events, both up and down. We seek to identify companies within the Russell Micro-cap index that have undervalued assets and are unfairly depressed in price. In micro cap names, the overreaction (and opportunity) is magnified by liquidity issues and the lack of coverage by Wall Street firms. We add alpha by researching micro-cap names and applying the same fundamental process, risk controls and approach successfully utilized in our other small-cap strategies.
VIP Small Cap Value Strategy
The objective of the Value Investment Partners (VIP) Small Cap Value strategy has been the same since 1986—to purchase shares of small cap companies with good, long-term prospects and a demonstrated history of management integrity that trade at a wide discount to intrinsic value. Fundamental research and absolute, rather than relative, valuations drive the stock selection process. Concentrated portfolios of 30-40 names are diversified relative to macroeconomic variables and individual security allocation limits, not benchmark weightings. We seek to attain the highest level of absolute return with the lowest level of risk over a full economic cycle.
VIP Small-Mid Cap Strategy
The objective of the Value Investment Partners (VIP) Small-Mid Cap Value strategy has been the same since 1999— to purchase shares of small to mid cap companies with good long-term prospects and a demonstrated history of management integrity that trade at a wide discount to intrinsic value. Fundamental research and absolute, rather than relative, valuations drive the stock selection process. Concentrated portfolios of 30-35 names are diversified relative to macroeconomic variables and individual security allocation limits, not benchmark weightings. We seek to attain the highest level of absolute return with the lowest level of risk over a full economic cycle.
Large Cap Growth Strategy
The Large Cap Growth strategy uses a flexible investment approach with an objective to preserve capital and earn long term capital appreciation. The strategy invests primarily in equity securities of U.S. and non-U.S. companies that are traded on U.S. stock exchanges, but may have some investment in other securities including Exchange Traded Funds (ETFs). The fund will not invest in any derivative or debt instruments. The strategy is managed by Ravi Jain, Ph.D., CFA.