Brompton Funds

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Portfolio Manager: Flaherty & Crumrine Incorporated

Flaherty & Crumrine Incorporated, headquartered in Pasadena, California, is the Portfolio Manager of the Fund and is the oldest and most experienced US firm specializing in preferred securities with over US $2.6 billion of assets under management. The investment team is comprised of 8 individuals with average experience of 19 years. Since 1983, Flaherty & Crumrine has specialized in the active management of preferred shares, hybrid preferred securities. As Portfolio Manager, Flaherty & Crumrine is responsible for implementing the investment strategy and for the selection and active management of the Fund's investments.

Flaherty & Crumrine Incorporated
Portfolio Management Team

Donald F. Crumrine (Chairman)

Robert M. Ettinger (President)

Bradford S. Stone (Vice-President)

R. Erick Chadwick (Vice-President)

Chad Conwell (Vice-President)
Investment Approach
  1. Intensive credit analysis of current and potential portfolio holdings to identify those preferred and debt securities that provide optimal return characteristics relative to risk;
  2. Thorough analysis of securities’ terms and structure, with a preference for issues offering attractive, sustainable income over high current yields;
  3. Exploiting pricing inefficiencies within preferred and debt securities markets;
  4. Actively repositioning the portfolio both horizontally between issuers as well as vertically among issuers’ preferred and debt securities; and