C apital One Asset Management is a leading global asset management firm with expertise in credit strategies. The firm was formed in 2009 by a group of individuals who had been investing together since the mid-1980s in high yield bonds, stock investment, commodities, forex trading, convertible securities, distressed debt, real estate, Asset management, control investments and listed equities.
Today, Capital One Asset Management has helped individual and institutional customers grow and protect their wealth. We are known for delivering on our promises to our customers, and are recognized as a trusted brand and one of the world’s most admired companies.
Commonality of interests
In order to achieve commonality of interests with our clients, we pay strict attention to potential conflicts of interests, avoiding them if possible and dealing fairly with them if not. We put clients' interests ahead of our own and treat all clients equally. It is our fundamental operating principle that if all of our practices were to become known, there must be no one with grounds for complaint.
WHY Capital One Asset Management
The firm’s competitive advantages include its experienced team of investment professionals, a global platform and a unifying investment philosophy.
Our investment philosophy — the six tenets of which are risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing — is complemented by a set of core business principles that articulate Capital One Asset Management’s commitment to excellence in investing; commonality of interests with clients; a collaborative and cooperative culture; and a disciplined, opportunistic approach to the expansion of offerings.
Our expertise in investing across the capital structure has allowed us to cultivate a diversified mix of global investment strategies in five categories:
Real Assets Management
Excellence in investing
Our goal is excellence in investing. To us, this means achieving attractive returns without commensurate risk, an imbalance which can only be achieved in markets that are not "efficient." Although we strive for superior returns, our first priority is that our actions produce consistency, protection of capital, and superior performance in bad times.
Proprietary, in-depth research
Adding value in our markets requires a "knowledge advantage" that can come only from proprietary, in-depth research. We have dedicated a staff of highly skilled specialists to each market and created a research methodology that is consistently applied. Our research revolves around enumerating the elements required for success and identifying investment candidates through which we seek to satisfy those requirements.
Management fee arrangements
Our management fee arrangements should compensate us fairly for the value we add and advance a constructive business relationship. Fee arrangements should motivate us to act solely in our clients' best interests; they should be fair, competitive and explicit. All accounts of comparable size must pay comparable fees for the same service.
Our personnel practices must contribute to the achievement of our clients' objectives. A harmonious workplace and a spirit of cooperation are indispensable; personnel turnover, office politics and unhealthy competition are to be guarded against. The fruits of our labor will always be shared broadly and equitably with our staff.
To that end, employee stock ownership and firm-wide profit participation are key. "Our satisfaction comes from being able to deliver investment performance for clients while taking the high road.".
Communication with clients
Communication with clients must meet their needs and strengthen our relationships with them. We want every client to thoroughly understand our philosophy, approach, actions and results.
If what we do ever comes as a surprise to a client, then we have failed in this regard. In reporting our performance, we accurately state our achievements, neither hiding behind excuses for losses nor taking credit for serendipitous gains.
Our firm’s profitability must stem from doing all of the above. Capital One Asset Management is run for the benefit of its clients and their constituencies, as well as for its owners and employees.
Profit without performance, bigness for its own sake and prosperity through cost cutting are all explicitly rejected. Our earnings should grow if we achieve excellence in investing... but only then.