![Stefan Friederich Gräter](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Dr. Stefan F.
Gräter is a Portfolio Manager at Eldred Rock Partners LLC.
Prior to forming Eldred Rock Partners, Dr. Grater was managing director at Avalon Advisors and a partner at Matterhorn Capital Management where he served as the portfolio manager for value strategies at both firms.
| Sociétés | Poste | Début |
|---|---|---|
Eldred Rock Partners LLC
 Eldred Rock Partners LLC Investment ManagersFinance Provides investment advice | Directeur Général | 01/08/2021 |
| Sociétés | Poste | Fin |
|---|---|---|
Matterhorn Capital Management LLC
 Matterhorn Capital Management LLC Investment ManagersFinance Matterhorn Capital Management (MCM) manages globally-diversified equity portfolios and credit-focused fixed-income portfolios. The firm's globally-diversified equity portfolio utilizes both value and growth investment strategies to invest in US and international companies. Though their process is primarily quantitative, they complement their company analysis with qualitative review, which considers characteristics such as proven and experienced management teams, highly-defensible products or services, sustainable competitive advantages and shareholder-friendly corporate governance procedures and controls. MCM combines bottom-up quantitative screening with top-down global investment themes to identify portfolio candidates. Final selections are based on fundamental company reviews and a risk management overlay. MCM's US growth, US value and international ADR products are concentrated all-cap portfolios that can be combined in any ratio. MCM's bottom-up quantitative screening process filters portfolio candidates from the universe of US stocks. The screens focus on companies that exclusively meet the desirable fundamental metrics. There is no overlap between styles. Stock selections are pure growth or pure value, not growth at a reasonable price (GARP). The screening process narrows the universe to 50 to 100 portfolio candidates for each investment style. Each portfolio candidate is analyzed in-house utilizing fundamental databases and outside research from traditional sell-side brokerage firms and independent research firms to identify the most attractive prospects. MCM stress tests their investment theses in-house to decrease exposure to non-systematic risk. Portfolio selections have expected returns greater than 20% within the 12 months of purchase. Risk management and top-down macro themes drive final portfolio composition. Portfolios hold less than 25 positions, with an equal weighting in each name. Cash positions vary from 0 to 20% of the portfolio weight depending on MCM's short-term investment outlook. The firm's price target methodology is based on the reversion to mean valuation for their growth names and a discounted free cash flow for their value names. Positions are sold if price targets have been achieved or if there is a fundamental change to their investment thesis. In addition, a downside review is conducted if a stock falls 20% below the high water mark since initial purchase. MCM's risk management discipline limits their individual sector exposure to 30% of each portfolio and single stock exposure to double initial weight. Portfolios are monitored using real-time portfolio tracking, attribution and risk management tools. MCM's fixed-income investments are designed to provide a steady stream of income through coupon payments and to reduce the volatility of equity markets. Their fixed-income portfolios are very conservative and are constructed to complement and reduce the risk of clients' equity investments. MCM's fixed-income investment approach first seeks to identify the clients appropriate asset allocation and then to consider the clients income tax rate and investment income needs. Fixed-income portfolios are constructed with consideration to liquidity, credit quality, diversification and appropriate interest rate risk capacity. Each bond portfolio is customized to the individual client's appropriate tax status, risk tolerance, and duration constraints. MCM's municipal bond portfolios are diversified across different issuer types including state and local government general obligation bonds and essential services revenue bonds. In addition, diversification is achieved by purchasing issues in different states and differing entities such as cities, counties, school districts and universities. Municipal bonds in their portfolios are typically rated AAA by at least one of the rating agencies and insured municipals also typically have at least an A rated underlying rating in addition to the AAA status enhanced by the insurer. MCM only buys municipal bonds rated A or better to help insure the safety of their clients principal. Their buy and hold investment strategy is a result of the inefficiencies caused by a wide bid/ask spread. Accounts are not actively traded unless market or issuer changes warrant sales prior to maturity. The duration of their municipal bond portfolios are managed within a 25% range of the duration of the Lehman Brothers 1 to 10 Year Municipal Blend Index. | Fondateur | - |
Actives
Inactives
Sociétés cotées
Entreprise privées
| Entreprise privées | 3 |
|---|---|
The University of Texas at Austin
 The University of Texas at Austin Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Matterhorn Capital Management LLC
Matterhorn Capital Management LLC Investment ManagersFinance Matterhorn Capital Management (MCM) manages globally-diversified equity portfolios and credit-focused fixed-income portfolios. The firm's globally-diversified equity portfolio utilizes both value and growth investment strategies to invest in US and international companies. Though their process is primarily quantitative, they complement their company analysis with qualitative review, which considers characteristics such as proven and experienced management teams, highly-defensible products or services, sustainable competitive advantages and shareholder-friendly corporate governance procedures and controls. MCM combines bottom-up quantitative screening with top-down global investment themes to identify portfolio candidates. Final selections are based on fundamental company reviews and a risk management overlay. MCM's US growth, US value and international ADR products are concentrated all-cap portfolios that can be combined in any ratio. MCM's bottom-up quantitative screening process filters portfolio candidates from the universe of US stocks. The screens focus on companies that exclusively meet the desirable fundamental metrics. There is no overlap between styles. Stock selections are pure growth or pure value, not growth at a reasonable price (GARP). The screening process narrows the universe to 50 to 100 portfolio candidates for each investment style. Each portfolio candidate is analyzed in-house utilizing fundamental databases and outside research from traditional sell-side brokerage firms and independent research firms to identify the most attractive prospects. MCM stress tests their investment theses in-house to decrease exposure to non-systematic risk. Portfolio selections have expected returns greater than 20% within the 12 months of purchase. Risk management and top-down macro themes drive final portfolio composition. Portfolios hold less than 25 positions, with an equal weighting in each name. Cash positions vary from 0 to 20% of the portfolio weight depending on MCM's short-term investment outlook. The firm's price target methodology is based on the reversion to mean valuation for their growth names and a discounted free cash flow for their value names. Positions are sold if price targets have been achieved or if there is a fundamental change to their investment thesis. In addition, a downside review is conducted if a stock falls 20% below the high water mark since initial purchase. MCM's risk management discipline limits their individual sector exposure to 30% of each portfolio and single stock exposure to double initial weight. Portfolios are monitored using real-time portfolio tracking, attribution and risk management tools. MCM's fixed-income investments are designed to provide a steady stream of income through coupon payments and to reduce the volatility of equity markets. Their fixed-income portfolios are very conservative and are constructed to complement and reduce the risk of clients' equity investments. MCM's fixed-income investment approach first seeks to identify the clients appropriate asset allocation and then to consider the clients income tax rate and investment income needs. Fixed-income portfolios are constructed with consideration to liquidity, credit quality, diversification and appropriate interest rate risk capacity. Each bond portfolio is customized to the individual client's appropriate tax status, risk tolerance, and duration constraints. MCM's municipal bond portfolios are diversified across different issuer types including state and local government general obligation bonds and essential services revenue bonds. In addition, diversification is achieved by purchasing issues in different states and differing entities such as cities, counties, school districts and universities. Municipal bonds in their portfolios are typically rated AAA by at least one of the rating agencies and insured municipals also typically have at least an A rated underlying rating in addition to the AAA status enhanced by the insurer. MCM only buys municipal bonds rated A or better to help insure the safety of their clients principal. Their buy and hold investment strategy is a result of the inefficiencies caused by a wide bid/ask spread. Accounts are not actively traded unless market or issuer changes warrant sales prior to maturity. The duration of their municipal bond portfolios are managed within a 25% range of the duration of the Lehman Brothers 1 to 10 Year Municipal Blend Index. | Finance |
Eldred Rock Partners LLC
Eldred Rock Partners LLC Investment ManagersFinance Provides investment advice | Finance |
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