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Enlightened Investing is a stable approach to portfolio management, emphasizing quantitative principles and proven investment practices, while accentuating asset allocation as the most important determinant of long term success in investment planning.
Our portfolios capitalize on the fact that markets are relatively macro-inefficient, allowing value to be added at the asset class level using world-class investment technology, superior investment judgment and a disciplined investment process.
We establish a base investment portfolio objective, defined by the ratio between fixed income and global equities, and periodically rebalance to this objective. Intelligent rebalancing provides stability and maintains the target macro allocations. We diversify across investment classes that encompass all the major sources of global economic growth.
We develop capital market estimates using modern statistical techniques that combine our economic and investment views with observations of past market behavior. We then apply the scientifically-proven technique of resampled efficiency to construct a set of efficient portfolios that incorporate our understanding of market structure with the new capital market estimates. This patented approach mitigates the risks of uncertainty in information and outcomes, leading to greater diversification and stability of process. Systematic rebalancing incorporates recent market activity, economic factors and expected trading costs to benefit our focus of maximal returns at any given level of risk.
Island Light Capital is a registered investment advisor in Massachusetts, formed in the fourth quarter of 2011. Island offered non-advisory investment consulting guidance on approximately $400M in AUM during 2012. Island Light's founder and portfolio manager is Matthew V. Pierce, a CPA and PFS with over 20 years of experience in institutional asset management.
1. Performance of the Portfolio Manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
2. Past performance is no guarantee of future results. Periodic and since inception performance returns are calculated daily. Monthly vs. S&P 500 return and the corresponding spark chart is calculated to the most recent month end date.
3. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.