Capstone offers a customized approach to privately managed fixed income portfolios. The goals of our fixed income process include capital preservation, cash flow to meet the needs of each client and the potential for capital appreciation.

Our fixed income style is based on the belief that superior long-term returns can be achieved with less-than -market risk by focusing the investments in high-quality securities and by adding value through active duration management and the selective rotation of market sectors and the securities within those sectors.

For tax-free fixed income investing, Capstone adapts the investment process of our bond portfolios to include state specific or national municipal bonds. This service can be customized to fit the needs of our fixed income investors.

For investors who require a relatively low-risk, high quality portfolio to meet short-term objectives, we adapt our fixed income process. Investments under this discipline are matched to the client’s cash flow and liquidity needs by reducing duration/maturity characteristics and enhancing current yields.