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Investment
Management Way Points Fourth Quarter 2018
Page 1
5.0% Mastercard
$3,500,000
4.3% Twitter
3.9% J.P. Morgan $3,000,000
$2,280,030
26.1% Net Assets
$2,500,000
Blue Point’s
Cumulative Return $2,000,000
Market Outlook
1 Year Blue Point -2.42%
1 Year S&P 500 TR -4.38%
3 Year Blue Point 36.19% A Growing Market Risk – Political division is Productivity Gains – The tightness of the U.S.
reducing economic growth whether it be trade tariffs, job market is setting the stage for
3 Year S&P 500 TR 30.42% Brexit or the U.S. government shutdown. If political technology-enabled productivity gains.
division continues to grow, it will threaten valuation The U.S.’ strong willingness to engage in
and further slow economic growth. Consumer and technology-enabled creative-destruction is
Portfolio Manager business confidence are crucial to continued setting the stage for a new engine of growth.
economic growth.
Niall H. O’Malley Slowing Global Growth – China, emerging
(443) 600-8050 Lower Inflationary Pressure – The market sell-off markets and Europe are experiencing slower
combined with lower interest rates, lower energy economic growth, but the U.S. continues to show
niall.omalley@bluepointim.us prices and less margin debt have the potential to positive economic growth. The U.S. economy is
Web site www.bluepointim.us extend the economic cycle. benefiting from deregulation and tax reform.
A Global Perspective
Blue Point Investment Management offers Through macro-economic research adjustments to portfolio holdings will be made
equity-oriented growth with a global sustainable long-term trends are identified. that best serve the preservation of capital
perspective. The investment discipline seeks Then fundamental research is used to identify while seizing investment opportunities. Cash
Growth at a Reasonable Price. Each client the best companies that stand to benefit from is used as an asset class in portfolio
account is managed separately. favorable trends. Investments are geared construction.
towards long-term value creation while
The Growth At a Reasonable Price (GARP) preserving capital. Each separately managed account stays in the
investment strategy is a blend of active client’s name providing complete transparency.
growth and value investing. As a rule, value Blue Point seeks equity-oriented growth while Blue Point receives no commission or
investors focus on the price of the security, actively managing the downside risk. Under compensation that would create a conflict of
the numerator of the P/E ratio, while growth normal circumstances, Blue Point invests at interest. To further ensure the alignment of
investors focus on earnings offered by the least 60% of its net assets in domestic U.S. interests, Blue Point’s portfolio manager invests
security, the denominator of the P/E ratio. securities. This global approach offers in the same Blue Point model portfolio as
GARP represents a blended approach and is significant investment opportunities here and clients.
often referred to as a market-oriented abroad. In times of market crisis,
investment strategy.